Tech-heavy Nasdaq suffers worst day since 2022 in $1 trillion wipeout

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Thu, March 13, 2025

[ Thu, Mar 13th ]: stacker

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[ Wed, Mar 12th ]: Mediaite

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Mon, March 10, 2025

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Tech-heavy Nasdaq suffers worst day since 2022 in $1 trillion wipeout

//business-finance.news-articles.net/content/202 .. -worst-day-since-2022-in-1-trillion-wipeout.html

Published in Business and Finance on Monday, March 10th 2025 at 18:21 GMT by Insider

The 4% drop in the Nasdaq on Monday marked its worst day in years as Trump refused to rule out recession.

The tech-heavy Nasdaq Composite experienced its worst day since 2022, plummeting by 2.2% and erasing approximately $1 trillion in market value. This significant drop was triggered by disappointing earnings reports from major tech companies like Netflix and Tesla. Netflix reported lower-than-expected subscriber growth, while Tesla's stock fell after its earnings missed Wall Street's expectations. Additionally, broader market concerns about rising interest rates and economic slowdown contributed to the sell-off, as investors grew wary of high valuations in the tech sector amidst an uncertain economic outlook. The downturn in tech stocks also reflected broader market anxieties about inflation and potential policy responses from the Federal Reserve.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/markets/tech-heavy-nasdaq-suffers-worst-day-since-2022-with-1-trillion-wiped-out/ar-AA1ADHZf ]

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