On Monday, U.S. stocks faced a significant downturn following what a trader dubbed a tariff “tape bomb” from President Donald Trump, leading the S&P 500 to experience its steepest daily decline in several months.
The month of March didn’t start off kindly for the Nasdaq Composite, which had already seen a dramatic drop from its January peaks. The selling pressure that had been pressing on stocks throughout February seemed to intensify as trading picked up in March.
