The technological actions had their greatest fall in a day since 2022 and the Nasdaq 100 index collapsed 3.8%, which implied the elimination of 1.1 billion dollars, according to a Bloomberg News report.
The agency attributed the record drop to which investors abandoned the leaders of the long -standing market to growing concerns that the EU economy is heading towards a recession.
The Nasdaq Composite and the Nasdaq 100 are popular indices and known for its focus on technology companies, but the first includes practically all the companies that are quoted in the Nasdaq market by covering about 3,000 signatures, while the NASDAQ 100 includes only the 100 largest non -financial companies in the NASDAQ, according to the economic analysis area of the financial group.
Bloomberg News added that the Bloomberg Magnificent 7 index, an equal weighting indicator of the main technological actions of the US, fell 5.4% and deepened its setback from the December record to more than 20%.
Tesla collapsed 15%, expanding its loss this year to 45%, while Nvidia lost 5.1%and erased more than one billion dollars in market value in two months.
Lee: Nasdaq has worse day since 2022 after fear for possible recession in the US
Microsoft, Apple, Amazon and Alphabet also experienced strong falls, reflecting the nervousness of investors to a possible cooling of the economy.
Bloomberg News recalled that the technological disaster occurred after a weekend in which Trump administration officials and President himself suggested that the US economy is intended to slow down.
He added that the change in language with respect to the electoral campaign, when Trump promised tariffs on the first day that would finance tax cuts without interrupting growth, has caused a frantic revaluation of risk assets.
Reuters added that the sales wave in the stock market was deepened on Monday. The S&P 500 reference index fell 2.7%, its largest daily drop in the year, while Dow Jones fell 2.08%
He explained that in the face of its historical maximum of February 19, the S&P 500 closed on Monday with a decrease of 8.6%, losing more than 4 billion dollars in market value since then and approaching a 10% drop that would represent a correction for the index.
He pointed out that a series of new Trump policies have increased uncertainty for companies, consumers and investors, in particular the inverse tariff measures against important commercial partners such as Canada, Mexico and China.
“We have clearly seen a great change of feeling. Much of what has worked no longer works, ”said Ayako Yoshioka, Wealth Enhancement’s senior investment strategist.
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During the weekend, Trump refused to predict whether the United States could face a recession, since investors were concerned about the impact of their commercial policy.
“The amount of uncertainty that has been created by the tariff wars with respect to Canada, Mexico and Europe is making the board of directors and senior executives reconsider the way to follow,” said Peter Orszag, executive director of Lazard, at the Ceraweek conference in Houston.
“People can understand current tensions with China, but the part of Canada, Mexico and Europe is confusing. Unless that is resolved in the next month, this could cause real damage to the economic perspectives of the United States and the activity of mergers and acquisitions, ”he added.
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