Market Extra
Published: March 4, 2025 at 10:58 a.m. ET
The tech-heavy Nasdaq Composite was on track to close in correction territory — defined as a drop of 10% from a recent high — on Tuesday, leading major stock indexes lower in a selloff tied largely to fears that President Trump’s aggressive tariffs and retaliation for trade partners will slam economic growth.
The Nasdaq COMP was down 1.7% at 18,045 in morning trade. A close below 18,156.50 would confirm a correction, with the threshold marking a 10% drop from the index’s record close of 20,173.89 set on Dec. 16. A correction turns into a bear market if an asset falls 20% from a recent high.
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