Reported about 15 hours ago
The Nasdaq Composite index has officially entered a bear market, closing over 20% below its record high after a 22.7% decline since December 16. This drop was fueled by investor concerns over potential trade wars triggered by new tariffs announced by President Trump, compounded by China responding with its own tariffs on U.S. goods. The index fell 5.8% on Friday, dragging down major tech stocks like Apple and Nvidia, while the S&P 500 and Dow Jones also showed significant declines.
Source: YAHOO