After Black Monday, did the Nasdaq (NAS100) enter a bear market?
On March 10, local time, the U.S. stock market ushered in "Black Monday", and the three major stock indexes plummeted. The Nasdaq Composite Index (NAS100) plummeted 4%, the largest single-day drop since September 2022, closing at 17,468.32 points, a cumulative decline of 13.4% from its historical high in December 2024. The Dow Jones Industrial Average and the S&P 500 fell 2.08% and 2.7% respectively, and market panic spread to almost all sectors, especially technology stocks.
How does NFP affect the economy? Interpretation of March non-farm payrolls data
On March 7, 2025, the U.S. Department of Labor released the non-farm payrolls data for February. The key indicators are as follows: New non-farm employment: 151,000, lower than the market expectation of 160,000, and the previous value was revised down from 143,000 to 125,000; unemployment rate ...