Stocks Tumble Again as Donald Trump Waffles on Tariffs
March 6, 2025
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Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor, Gabe led award-winning coverage of Charleston church shooter Dylan Roof’s capture in 2015, along with coverage of the Alex Murdaugh double murder trial. He is a graduate of the University of North Carolina-Wilmington. You can get in touch with Gabe by emailing g.whisnant@newsweek.com. Find him on Twitter @GabeWhisnant.
Gabe Whisnant
Breaking News Editor
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Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
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Another sharp sell-off on Wall Street sent the Nasdaq Composite tumbling 10 percent below its record high Thursday, as President Donald Trump’s tariff uncertainty and fading enthusiasm for AI stocks rattled investors.
The S&P 500 dropped 1.8 percent, while the Nasdaq Composite plunged 2.6 percent, and the Dow Jones Industrial Average slipped 1 percent.
Despite Trump granting another temporary reprieve on some tariffs on Mexico and Canada, the market remained volatile, with concerns mounting that an escalating global trade war could slow economic growth and worsen inflation. The tech sector was hit particularly hard, as AI giants saw significant losses, dragging the broader market lower.
This is a developing news story and will be updated as more information is available.
On Thursday, U.S. stock markets experienced significant declines, driven by a sell-off in technology stocks and escalating concerns over President Donald Trump’s shifting tariff policies. On Thursday, U.S. stock markets experienced significant declines, driven by a sell-off in technology stocks and escalating concerns over President Donald Trump’s shifting tariff policies.
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