Market selloff: Nasdaq logs worst day since 2022 as Trump's tariffs spark recession fears

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Wall Street tanks

05:17

Wall Street tanks © Associated Press

Issued on: 10/03/2025 - 23:11

05:17 min

From the show

Business

Wall Street stocks plummeted after Donald Trump refused to rule out the possibility of a recession resulting from his tariffs. The Dow Jones Industrial Average dropped 89 points, the S&P 500 closed down 2.7% and the Nasdaq sank 4%, its biggest one-day loss in five years. Tesla shares nosedived, closing the day down 15% as a backlash against Elon Musk's politics intensified. Plus, Japan auctioned off a portion of its emergency stockpiles of rice in an effort to bring prices down. 

By:

Yuka Royer
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