US Stock Market Move | Global financial markets experienced "Black Monday" as the Nasdaq plummeted by 4.63%, entering a technical bear market.

On Monday, global financial markets experienced a "Black Monday". The German DAX index fell by 4.15%, the Hang Seng index fell by 13.22%, and the Shanghai index fell by 7.43%. At the time of writing, the US stock market opened sharply lower, with the Nasdaq falling by 4.63%. From its high point, it has dropped by 25%, entering a technical bear market. Tech stocks and chip stocks plummeted, with Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) falling by over 8%, NVIDIA Corporation (NVDA.US) falling by over 7%, Tesla, Inc. (TSLA.US) falling by nearly 7%, Apple Inc. (AAPL.US) falling by almost 6%, Amazon.com, Inc. (AMZN.US) falling by over 5%, Intel Corporation (INTC.US) falling by more than 3%, and Alphabet Inc. Class C (GOOGL.US) falling by nearly 3%. On the news front, as tariff fears continue to cause stock market crashes, more and more Wall Street professionals are rapidly lowering their expectations for the US stock market. Morgan Stanley has lowered its year-end forecast for the S&P 500 index from the previous 6,500 points to 5,200 points. The company's chief equity strategist, Dubravko Lakos-Bujas, has revised his new forecast for the US stock market benchmark index, expecting a drop of nearly 12% compared to the closing level close to 5,882 points in 2024, 20% lower than Morgan Stanley's initial forecast of 6,500 points.