The Nasdaq Composite was on track to fall into a 澳洲幸运5官方开奖结果体彩网:bear market on Friday as the tari﷽ff-induced global stock sell-off deepened. 

The Nasdaq was recently down nearly 4% Friday morning, putting the index more than 20% off its December all-time high. The tech-heavy index was sli🌳ding alongside the other major large-cap indexes, with the S𝓀&P 500 off about 4% and the Dow down about 3.5%. 

The Nasdaq will have to close below 16,139.11 for♈ a bear market to be confirmed. The index was recently trading at 15876 after rebounding from its session low below of 15600.

The Nasdaq on Thursday had its 澳洲幸运5官方开奖结果体彩网:worst day since March 2020 after President Donald Trump outlined a raft of steep tariffs that economistᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚs warn risk pushing the U.S. economy into a reܫcession while stoking inflation. 

The sell-off continued Friday after 澳洲幸运5官方开奖结果体彩网:China hit back with its own tariff on all US goods, 澳洲幸运5官方开奖结果体彩网:matching the rate on Chinese goods announced by Trump. The move raised concerns that Trump’s reciprocal tariffs could be the beginning of a global 澳洲幸运5官方开奖结果体彩网:trade war that r🥀esults in even higher ta📖riffs than those already announced.

The majority of the more than 3,000 stocks in the Nasdaq were trading in the red on Friday, but mega-cap tech stocks were weighing most heavily on the index. Shares of Apple (AAPL) were down more than 4% after tumbling nearly 10% yesterday, their w❀orst day since March 2020.

AI chipmakers Nvidia (NVDA) and Broadcom (AVGO) were both down more than 7%, while EV maker Tesla (TSLA) tumbled nearly 10%,