(Reuters) – The composite index Nasdaq, heavy with technology, confirmed on Friday that it was on a lower market, after a drop of 22.7% of its record closure of December 16, while investors fled more risky assets on fears than the prices imposed by President Donald Trump can trigger a trade war and give a donation of the global economy.
The index finished the decrease of 5.8% on Friday, after China announced that the additional 34% tariffs on American goods in retaliation for steep prices announced on Wednesday against China.
The Nasdaq composite index ended 962,82 points at 15,587.79, against its December 20,173.89 record.
A lowering market is confirmed when an index closes at least 20% compared to its last record finish, according to a widely used definition.
With the S&P 500 and the industrial average of Dow Jones, the NASDAQ also marked its deepest sale on Friday since March 2020, at the height of the COVVI-19 pandemic.
The DOW confirmed on Friday that it was in a correction and the S&P 500 ended the session more than 17% below its closing record.
The largest trail of the Nasdaq of individual stocks came from Apple heavy goods vehicles, which finished 7.3%, and Nvidia, which also dropped by more than 7%.
(Report by Sinéad Carew in New York, Sukriti Gupta in Bengaluru Edition by Franklin Paul and Deepa Babington)
