Summary
U.S. stocks tumbled Thursday as market volatility continued after Trump’s abrupt 90-day tariff pause and raised tariffs on Chinese imports to 145%.
On CNN, former Treasury Secretary Janet Yellen called Trump’s economic policies the “worst self-inflicted wound” an administration had ever imposed on a “well-functioning economy.”
The Dow dropped 2.5%, Nasdaq 4%, and S&P 500 3.4%. Trump tried to defend the move as strategic leverage.
Critics condemned the chaos and raised insider trading concerns after Trump told subscribers it was a “great time to buy.”
So, I’m assuming that you mean ^NDX, the NASDAQ 100 index.
https://finance.yahoo.com/quote/^NDX/
A lot of the drop was from the beginning of the month and the five-day period misses that but included rebound from that as Trump announced suspension of the global tariffs.
The NASDAQ 100 reflects a narrower — if important — sector of the economy; it weights tech companies more heavily. The S&P 500 (^GSPC) (large companies) and Russell 2000 (^RUT) (smaller companies) took a larger hit.
Trump’s announcement was on April 2nd.
From April 2nd to today:
^NDX is down 6.3%.
^GSPC is down 7.1%.
^RUT is down 10.4%.
If I’d had to guess, American tech companies — with a heavier representation in the NASDAQ 100 — probably are generally less exposed to the cost of importing goods to the US than are most US companies, though as global companies that export, they certainly stand to be hit by things like countertariffs.