US Stock Market Faces Worst Day Since 2022 as Nasdaq Plummets

The U.S. stock market is experiencing a significant sell-off, with the Nasdaq Composite down over 4%, marking its worst day since 2022. This decline is primarily attributed to investor fears of a recession, fueled by uncertainties surrounding President Trump's tariff policies and their potential impact on economic growth. The Dow Jones Industrial Average fell by over 900 points, and the S&P 500 dropped nearly 3%, reflecting widespread pessimism among investors. Major tech stocks, including Tesla and Nvidia, have seen substantial losses, contributing to a broader sell-off that erased over $1 trillion in market value. Trump's recent comments regarding the economy being in a 'period of transition' did little to assuage investor concerns. As uncertainty looms, many investors are shifting towards more defensive sectors, seeking safety amidst the turbulence.