The markets have stemmed their losses and appear to be trying to turn positive. Stocks have been under pressure in response to President Trump's decision to stick 25% tariffs on autos not made in the U.S.A.
After stellar performances in 2023 and 2024 that resulted in a two-year gain of 84.5%, the Nasdaq Composite fell as low as 17,303.01 on March 13 -- a drop of 14.2% drop from the high of 20,173.89 it set on Dec. 16. With that downturn exceeding 10%, the index officially entered correction territory.
Every so often, Wall Street sends a not-so-subtle reminder to investors that stocks can move in both directions.
The Nasdaq, an index that roared higher over the past two years, spent most of March doing just the opposite. The benchmark slid into correction territory earlier in the month, meaning it fell more than 10% since its most recent high back in December.
The exchange-traded funds tracking the S&P 500 index fell again, whereas the one tracking the Nasdaq 100 continues to remain below its 200-day average as President Donald Trump‘s tariff announcements continue to make headlines.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Fear” zone on Wednesday.
After the S&P 500 and Nasdaq closed Wednesdya's session in the red, snapping a three-day win streak, Easterly EAB Risk Solutions chief macro strategist Arnim Holzer sits down with Julie Hyman and Josh Lipton to discuss how to play ongoing market volatility. #markets #stocks #stockmarket #stockmarketnews #yahoofinance #tariffs To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here: Click Here About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
Nasdaq 100 slips on Trump's tariff remarks; GameStop bucks the trend with a strong 15% gain after revealing a shift in strategy toward bitcoin.
The Nasdaq Composite has declined 3.97% over the past month, signaling a correction in the tech-heavy index. Market pullbacks often create opportunities for long-term investors to buy high-quality stocks at a discount.
The stock market is little changed from earlier this morning, but the Nasdaq Composite has widened its declines to over 1%.
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 1% on Wednesday.
Stock futures were indicating a slow start to Wednesday on Wall Street, with the S&P 500 tipped to make a flat start, with four more trading days in the quarter. The S&P 500 and Nasdaq 100 are both flat on the futures market, while the Dow Jones was up 0.1%.