U.S. Stock Market Declines Amid Tech Selloff, Tariff Concerns

U.S. stock markets faced a significant downturn on March 26 and 27, 2025, with the S&P 500 falling 1.1% and the tech-heavy Nasdaq plunging 2%, primarily driven by a sell-off in major tech stocks like Nvidia and Tesla, which experienced declines of 5.7% and 5.6%, respectively. This market pullback was exacerbated by concerns surrounding President Trump's imminent announcement of tariffs on imported vehicles aimed at protecting the domestic auto industry, raising worries among investors. The tech sector was particularly hard-hit, with Super Micro Computer dropping 8.9% following a downgrade from Goldman Sachs. Additionally, Moderna shares fell 7% amid reports of reduced government funding for vaccine initiatives, influencing sentiment in the biotechnology sector as well. Economic data released indicated mixed signals, with durable goods orders unexpectedly rising, contrasting with disappointing consumer confidence levels. Overall, investor sentiment remained fragile, reflecting uncertainties linked to both trade policies and economic indicators.