Nasdaq · April 4, 2025
The second day of the tariff selloff
-5.82%
single-day change vs previous close
Part of a longer stretch
The AI wobble and the tariff shock
near the end of it · 2024-12-16 → 2025-04-08, -24.32% over the whole period
What happened that day?
- The Nasdaq fell 5.82% on the day, a second consecutive heavy fall
- China announced retaliatory tariffs across US goods. Tariffs moved from a one-sided measure to something exchanged both ways
- Technology falls hardest because of supply chains. Parts come from many countries, assembly happens in one, and the product sells worldwide — so a tariff at any step raises cost
- China matters not only as cost but as a market. Retaliation blocks the selling side too
- The Nasdaq lost more than ten percent across the two days, its fastest decline since the covid crash
- The bottom came four sessions later on 8 April, and the next day's tariff pause produced its second-largest gain on record
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.