Nasdaq · April 3, 2025
The Tariff Shock — Nasdaq
-5.97%
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?
- 3 April 2025 — Nasdaq Composite fell 5.97%, the first session after the tariff announcement
- There's a reason technology reacted first
- Phones, servers and semiconductor equipment are produced and assembled across many countries, so a change in tariff structure rewrites the whole cost calculation
- The other factor is revenue mix. A large share of big US tech sales come from abroad, exposing them directly to retaliation and tighter foreign regulation
- Fell 24.32% from peak
- Deeper than the S&P 500's, reflecting both greater tariff sensitivity and the fact tech had risen further beforehand
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.