The declines in leading stock indices eased slightly amid President Trump’s tariff plan, but sharp drops were still recorded: the Nasdaq fell 5.8%, completing a drop of over 20% since its peak in December. The S&P 500 dropped 6%, and the Dow Jones weakened by 5%. The Nasdaq officially entered a bear market, having fallen more than 20% from its December high. Nvidia shares plunged 7.3%, and Tesla dropped 10.5%. Oil prices also continued to plummet: Brent crude fell 7% to $65.2 per barrel, while WTI crude dropped 7.5% to $62 per barrel.
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