Stock Meltdown Fuels Worst Nasdaq Day Since 2022: Markets Wrap

Anxiety that tariffs and government firings will torpedo growth in the world’s largest economy extended a three-week stretch of volatility across global markets. American stocks got hammered as Wall Street tempered bullish views while demand for recession havens boosted sovereign bonds.

A selloff in the S&P 500’s most influential group — big tech — weighed heavily on trading. The gauge came within a striking distance of a correction, extending its plunge from a record to 8.6%. The Nasdaq 100 saw its worst day since 2022. A gauge of the Magnificent Seven megacaps tumbled 5.4%. Treasury yields slid on ...