Stocks took a beating yesterday as fears of a recession and saber-rattling over tariffs continued to give Wall Street the jitters. The tech-heavy Nasdaq saw a drop of four percent for its worst session since September 2022. The S&P 500 dropped 2.7 percent, hitting its lowest level since last September. The Dow Jones Industrial Average dropped nearly 900 points, or just over two percent. WRCR market analyst Ken Mahoney of Mahoney Asset Management says there’s going to be a lot of pain in the short-term, something unexpected from a pro-business, anti-regulation administration…
Leading the declines Monday in the tech space, Tesla tumbled fifteen percent for its worst day since 2020, Alphabet and Meta, the parent companies of Google and Facebook, each fell more than four percent, and AI company Nvidia lost five percent.