Nasdaq · March 10, 2025

The weekend nobody ruled out a recession

-4.00%

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?

Monday, 10 March 2025 — the Nasdaq fell 4.00%, its worst day since 2022
In a weekend interview the president, asked about a recession, called it a 'period of transition' and did not rule one out
Until then the market had read tariffs as a negotiating tool. Read instead as something to push through even at a cost to growth, the premise changed
That afternoon came word there was no room left in tariff talks with the two neighbouring countries, and selling piled into the final hour
The flagship AI-chip stock fell hard and technology led the decline
The index was already more than ten percent below its February high; this session confirmed the correction
The slide ran to 8 April, 24.32% below the December 2024 high

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 put together from the public record; where a specific source was consulted it is listed above.