Tech Stocks Plummet: Is a Global Recession Looming?

Trade War Escalates as Nasdaq Confirms Bear Market Status The tech-heavy Nasdaq Composite index has officially entered bear market territory, plummeting more than 20% from its record high of 20,173.89 set on December 16, 2024. This steep decline, confirmed on the latest trading day, is sending shockwaves through global financial markets as investors grapple with escalating U.S.-China trade tensions and fears of an impending global recession. Triggered by President Donald Trump’s aggressive tariff policies and China’s retaliatory measures, the selloff has hit technology stocks particularly hard, raising urgent questions about the future of the U.S. economy and its ripple effects worldwide. With the Nasdaq down 3.8% on Friday alone and major tech giants like Apple, Tesla, and Nvidia posting double-digit losses, the stakes have never been higher for investors, businesses, and policymakers alike. The roots of this dramatic downturn lie in a rapid escalation of trade disputes betwee...