New York, NY – The stock market faced a turbulent day as the S&P 500 flirted with correction territory, with the Dow and Nasdaq both dropping amidst renewed threats of tariffs from President Trump. This uncertainty in the market led to a downward trend, with major indices like the Nasdaq experiencing a significant decline.
The Dow Jones Industrial Average saw a decline as Tesla led a slump in big tech stocks, and Adobe’s weak outlook contributed to a plunge in its stock price. However, Intel’s stock soared after the announcement of a new CEO, offering some relief to investors in the midst of the broader market downturn.
Investors were cautious as the Nasdaq fell for the fourth consecutive session, while the Dow Jones also experienced losses. Meta Platforms triggered a sell rule, adding to the negative sentiment in the market as traders assessed the impact of ongoing geopolitical uncertainties on stock prices.
Overall, US stocks moved back into negative territory, with the NASDAQ leading the decline. Wall Street saw new session lows, with the Nasdaq sliding by more than 1%, reflecting the overall bearish sentiment among investors in response to Trump’s tariff threats and other market uncertainties.