As of Monday, the Nasdaq Composite index had tumbled more than 11% since the start of the year. The outlook for the economy is worrisome, as trade wars and promised tariffs could lead to disaster for many businesses.
The Nasdaq Composite index is home to almost every stock listed on the Nasdaq exchange, so it's typically a good proxy for the performance of the broader technology industry. As of this writing, it's down by 14% from its recent all-time high, which places it firmly in correction territory.
It's been a challenging year for the U.S. stock market. The S&P 500 (^GSPC 0.67%) has declined 8% from its high, and the technology-focused Nasdaq Composite (^IXIC 0.87%) has fallen 14%.
Macro uncertainty has delayed the timeline for an IPO comeback, but there remains substantial pent-up supply for equity issuance.
The S&P 500 experienced volatility on Tuesday and was in the green. Investors were awaiting clarity from US President Donald Trump regarding tariff policy, and weaker-than-expected economic data also put pressure on Wall Street.
US Indices continued to see selling pressures in Q1 due to tariff threats, geopolitical concerns, and fear of a US recession. However, Q2 could very well see a rebound if history tells us anything.
Thanks to a combination of factors, such as weak economic data, tariff concerns, higher-than-expected inflation, and fears about AI capital expenditures, the stock market has been beaten down in recent months. And while the overall market has taken a hit, the tech-heavy Nasdaq has been the worst performer of the major indices, with the Nasdaq Composite nearly 15% below its recent high.
US indices retreat on tariff worries as VIX jumps to 22.44. Nvidia drops 3.9%, Microsoft falls 2.2%, while defensive sectors provide limited market support.
The stock market continues to suffer on tariff-related uncertainty but the major indexes are off their worst levels of the morning.
Ark Invest CEO Cathie Wood and Berkshire Hathaway CEO Warren Buffett couldn't be any more different in their investment approaches.
On Jan. 6, shares of semiconductor powerhouse Nvidia (NVDA -1.51%) closed at an all-time high of $149.43. At the time, the company's market capitalization hovered around $3.7 trillion.