IXIC: Nasdaq Breaks Down in Worst Day Since 2022. Fears of Downturn Overwhelm Traders.

“Close the stock market!” — every trader, probably, as Trump’s policies fueled concerns that America might be tipping into a recession.

💥 Nasdaq Slides 4%

• The Nasdaq Composite index IXIC crashed 728 points, or 4%, to its worst day since September 13, 2022 as tech stocks were getting hammered out there. It was a really bad day to be a risk taker as traders sold risk off after Trump said in a Sunday interview he’s pushing ahead with his trade war efforts and declined to rule out a recession.
• Widespread panic led to the major stock averages plunging. The Dow Jones Industrial Average DJI wiped out 890 points, or 2.1%, and the S&P 500 (SPX) declined 156 points, or 2.7%.

📉 Tesla Crashes 15%

• The Magnificent Seven, a highly praised club of tech titans, fell nose first and collectively lost $760 billion in market cap. The biggest loser was Tesla TSLA — the EV maker slumped 15%, erasing nearly $130 billion from its valuation.
• Every other member of the group was down between 2% and 5% as the Monday selloff was the worst since July. What’s more, these highflyers have shed a staggering $1.6 trillion since the start of 2025. (Tariff fears, inflation jitters and all that scary stuff and we’re not even out of Q1.)

🌷 Futures Steady to Higher

• The unpredictable outlook where back-and-forth tariffs turn friends into foes has caused a massive reshuffling in the market. Investors are fleeing risky stocks to sit in safer alternatives in bonds or currencies while Trump wields tax charges on Canada, Mexico and China (with more to come).
• Futures contracts early Tuesday were flat to slightly higher as apparently some brave souls out there woke up and chose to buy the dip.