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Nasdaq Hits Record, Then Plummets After Trump's Tariff Tweet

10/13/2025

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Summary

Story summary

The Nasdaq Composite Index reached record highs in early October 2025, peaking at 23,043.38 on October 9, driven by tech stock strength, especially semiconductors.
On October 10, a tweet from President Donald J. Trump about tariffs on China caused a 3.6% drop, erasing much of the week’s gains.
Analysts note a shift toward value stocks amid volatility, with the Nasdaq about 15% higher year-to-date.

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Story summary

The Nasdaq Composite Index reached record highs in early October 2025, peaking at 23,043.38 on October 9, driven by tech stock strength, especially semiconductors.
On October 10, a tweet from President Donald J. Trump about tariffs on China caused a 3.6% drop, erasing much of the week’s gains.
Analysts note a shift toward value stocks amid volatility, with the Nasdaq about 15% higher year-to-date.