Nasdaq · October 10, 2025
Where a tariff hurts most
-3.56%
single-day change vs previous close
What happened that day?
- On 10 October 2025 the Nasdaq fell 3.56%, more than the S&P 500 that day
- The trigger was the US president's announcement of an extra hundred percent tariff on Chinese goods
- The Nasdaq fell harder because of what it holds. Phones, computers and chips are built in China and sold to China
- Tariffs raise costs while retaliation cuts revenue. The squeeze comes from both sides
- China's tools in return, such as controls on rare mineral exports, point straight at chipmakers
- Peak to trough it was 4.19% and the index recovered quickly
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.