Nasdaq Drops By Most Points in History After Trump Announces Global Tariffs

The Nasdaq Composite, often shorted to "Nasdaq," fell by the most points in its history today, a day after President Trump announced global tariffs on all nations trading with the United States.

The Nasdaq fell an astounding 1,050.44 points today, easily gaining the record for the greatest single daily drop in history.  The previous record was 970.28, which occurred on March 16, 2020.

President Trump showing off his executive order implementing new tariffs (Photo Credit: The AP)

Fearing disruptions to supply chains, retaliation by other countries, recession, and inflation because of the President's tariffs, traders sold trillions of dollars worth of stocks today.

The Dow Jones Industrial Average dropped nearly 1,700 points, while the S&P 500 dropped 274 points.

President Trump, responding to concerns about the tariffs he imposed, said that their roll out was “going really well.”