Reported 1 day ago
The Nasdaq is on track to confirm a bear market, having dropped over 20% from its peak as escalating tariffs between China and the U.S. heighten recession fears and threaten tech companies driving the AI revolution. Following the announcement of new tariffs by China, the tech-heavy index fell 3.6%, contributing to declines across major indexes and significantly affecting leading companies like Apple, Microsoft, and Nvidia, which are navigating heightened operational challenges in this turbulent environment.
Source: YAHOO