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Live Nasdaq Composite: Is This the Start of a 2025 Crash?
Live Updates Live Coverage Updates appear automatically as they are published. Stock Market Drawdown 10:08 am by Gerelyn Terzo According to Goldman Sachs, if the economy were to slip into a recession, the stock market selling would intensify. Goldman Sachs Micro Strategist Vicky Chang warned that unlike past market cycles, this time around, headline risk […] The post Live Nasdaq Composite: Is This the Start of a 2025 Crash? appeared first on 24/7 Wall St..
Live Updates
Stock Market Drawdown
According to Goldman Sachs, if the economy were to slip into a recession, the stock market selling would intensify. Goldman Sachs Micro Strategist Vicky Chang warned that unlike past market cycles, this time around, headline risk signals the market bottom, not the economic trough, saying, “We still think there is significant vulnerability in a recession scenario, even if the worst of the underlying ‘shock’ has passed.”
The economic slowdown is real. The U.S. economy contracted by 0.3% during Q1 2025 after corporate America rushed to receive imports before the tariffs kicked in. According to the Commerce Department, U.S. GDP declined at an annual rate of 0.3%, adjusted for inflation, the worst drop the economy has suffered in in three years. By way of comparison, economists were predicting an economic expansion of 0.4% in the first quarter, a far cry from the results as the tariff wars took hold.
Stocks went into freefall mode in response, including a 600-point decline in the Dow Jones Industrial Average, while the tech-heavy Nasdaq Composite spiraled by 2.7% and the S&P 5oo lost 2.0%. Every single sector of the economy is trading lower as fears of an economic recession grip the markets. Each of the Magnificent Seven stocks are under pressure, including a steep 6% drop in Tesla (Nasdaq: TSLA) and declines of close to 4% for Nvidia (Nasdaq: NVDA) and Amazon (Nasdaq: AMZN). What a day for Meta Platforms (Nasdaq: META) to be reporting quarterly earnings after the closing bell today.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 646.83 (-1.6%)
Nasdaq Composite: Down 454.57 (-2.6%)
S&P 500: Down 111.05 (-1.9%)
Market Movers
Starbucks (Nasdaq: SBUX) is losing 8% on the day and has been downgraded by Goldman Sachs to a “neutral” rating from “‘buy” with a $85 price target attached, down from a previous target of over $100 per share. Starbucks reported Q1 results and missed Wall Street estimates on both the top and bottom lines.
Social media platform Snap (NYSE: SNAP) is falling by over 15% this morning in the market sell-off after choosing to forego earnings guidance due to uncertainty from tariffs.
First Solar (Nasdaq: FSLR) is losing 10% on the day after missing Q1 estimates and revealing the toll that tariffs will take on its revenue in 2025.
The post Live Nasdaq Composite: Is This the Start of a 2025 Crash? appeared first on 24/7 Wall St..
