The New York stock market experienced its largest decline in five years on 3rd April due to fears of a recession following the announcement of mutual tariffs. Major tech stocks like M7 and sectors with high tariff concerns were hit hard, with Apple seeing significant losses and Intel rising alone amidst the semiconductor stocks’ plunge. The US stock market lost $3.1 trillion in market cap, with the Nasdaq down 5.97%, and the Russell 2000 entering a bear market.
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Auto-posted at: 2025-04-04 09:02:40