Nasdaq Plunges by 4.2% Amid Fears of US Recession

All major indices on the New York Stock Exchange are experiencing significant declines today (March 10, 2025). This follows a previous drop in European markets. The Dow Jones index is down by 1.8%, the S&P 500 has lost 2.5%, while the Nasdaq index has plummeted even more dramatically to -4.2%. This creates an increasingly negative atmosphere in the New York markets. The fall, which comes as a continuation of earlier trends, is a result of investor fears regarding a potential recession in the American economy due to the combination of public spending cuts and the imposition of tariffs on foreign trade by the Trump administration.