US Stock Market Crash: Nasdaq Sinks 4%, S&P 500 Drops 2.7%—What’s Behind the Selloff?

On March 10, the US stock market saw a sharp decline, with the Nasdaq plunging 4% and the S&P 500 falling 2.7%. The selloff was driven by rising fears of a trade war and an economic slowdown linked to President Donald Trump’s trade policies.

According to Reuters, Monday’s crash wiped out $4 trillion from the S&P 500 since its February peak.

🔻 Tech stocks suffered their biggest losses since 2022.
🔻 Other asset classes, including corporate bonds, the US dollar, and cryptocurrencies, also fell.
🔻 US bond prices dropped, pushing yields higher as investors moved to safe-haven assets.

The market turmoil has sparked concerns about its impact on global markets, including India’s stock market.