Stock market today: Dow sinks 900 points, Nasdaq plunges 4% in worst day since 2022
US stocks plunged on Monday as investors processed growing concerns about the health of the US economy after President Trump and his top economic officials acknowledged the possibility of a potential rough patch.
The Dow Jones Industrial Average (
^DJI) fell nearly 900 points, or over 2%, while the benchmark S&P 500 (
^GSPC) dropped around 2.7% after the index posted its
worst week since September.
The tech-heavy Nasdaq Composite (
^IXIC) fell 4% in its worst day since 2022, as the "Magnificent Seven" stocks
led the sell-off. Tesla's (
TSLA) rout continued, plunging 15% and officially
wiping out the gains it had made in the wake of Trump's election win. Nvidia (
NVDA), Apple (
AAPL), Google parent Alphabet (
GOOG), and Meta (
META) all each lost more than 4%.
MY STOCK PORTFOLIO IS TAKING A BEATING. THANKS TRUMP.