T&G Market Recap: Dow Tumbles 900 Points, Nasdaq Drops 4% Amid Economic Concerns ⚠️📉

Wall Street grapples with tariff uncertainty and recession fears as market sentiment shifts ⬇️

Today’s Market Recap

• Dow Jones: -900 points (-2.08%)

• S&P 500: -2.70%

• Nasdaq: -4% (Biggest drop since 2022!)

The Market Meltdown: What’s Going On?

Well, folks, it’s not a fun day in the stock market. The Dow dropped nearly 900 points today 😳, and the Nasdaq plunged a hefty 4%. That’s the worst performance the tech-heavy index has seen since 2022, and if you haven’t already, now might be a good time to check your portfolio. Things are rough.

The main culprit here is Trump’s tariffs and growing concerns about a slowdown in the US economy. Over the weekend, President Trump gave an interview where he said the economy is in “a period of transition” – and it looks like investors aren’t feeling too optimistic about it.

Tech Stocks Lead the Charge Downward
The “Magnificent Seven” stocks (you know, Tesla, Nvidia, Apple, Alphabet, Meta, etc.) have been hit hard. Today, Tesla dropped 15%, wiping out all the gains it made post-election. Nvidia, Apple, Meta, and Alphabet weren’t much better, each losing more than 4%. Talk about a tough day in the office. 😬

But it’s not just tech that’s hurting. Overall, the Nasdaq is officially in correction territory, down more than 10% from its December high. So yeah, we’ve officially entered scary territory. 😱