Nasdaq Enters Bear Market as Dow Plummets 2,200 Points
The Nasdaq Composite entered a bear market and the Dow Jones Industrial Average sank 2,231 points on Friday after China said it would retaliate against the U.S. with 34% tariffs of its own. The tech-heavy index sank 5.8%, closing more than 20% below its December record to put it in bear market territory. The S&P 500 fell nearly 6%, marking its largest daily decline since 2020 The Dow fell 5.5%, closing down 10% from its recent high to fall into a correction.