The tech-heavy Nasdaq's $1 trillion sell-off, in charts

Business and FinanceBusiness and Finance

Mon, March 10, 2025

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The tech-heavy Nasdaq's $1 trillion sell-off, in charts

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Chet Hanks Has The Last Laugh

The tech-heavy Nasdaq's $1 trillion sell-off, in charts

^{Published on 2025-03-10 18:40:54 - 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 ]

N@N

The tech-heavy Nasdaq's $1 trillion sell-off, in charts