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3w ago

Dow Enters Correction, Nasdaq Nears Bear Market as U.S.-China Tariff Battle Escalates

President Trump's sweeping reciprocal tariffs and China's retaliatory measures deepen market losses, with major indices experiencing sharp declines.

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The Nasdaq logo is displayed at the Nasdaq Market, in New York City, New York, U.S., February 13, 2025. REUTERS/Brendan McDermid/File Photo
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Overview

  • The Dow Jones Industrial Average fell 3.5% on April 4, 2025, confirming a correction with a 13% drop from its December all-time high.
  • The Nasdaq Composite is on the brink of a bear market, trading over 20% below its December peak after suffering its worst day since March 2020 on April 3.
  • China announced retaliatory tariffs on all U.S. goods, matching the rates imposed by President Trump, intensifying fears of a global trade war.
  • Mega-cap tech stocks, including Apple, Nvidia, and Tesla, experienced significant losses, contributing heavily to the Nasdaq's decline.
  • The Dow's delayed correction reflects its unique composition, which had previously been supported by high-priced defensive stocks like UnitedHealth Group and Goldman Sachs.