US Stock Market Move | Great miracle later Na's drop expanded to 3% as star technology stocks generally fell.
10/04/2025
GMT Eight
On Thursday, US stocks fell in early trading, with the Nasdaq falling by 3%. Leading technology stocks saw a general decline, with Tesla, Inc. (TSLA.US) dropping over 5%, NVIDIA Corporation (NVDA.US) falling nearly 5%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) and Apple Inc. (AAPL.US) dropping over 3%, and Amazon.com, Inc. (AMZN.US) falling by almost 3%.
Last night, in a major shift in trade policy, President Trump's announcement led to a "miracle day" in the US stock market, with the Nasdaq surging by over 12%, marking the second largest single-day gain in the index's history.
In terms of news, according to Bloomberg, Kyle Bass, founder and chief investment officer of Hayman Capital, stated that the US may experience a "brief" recession in order to rebuild its foundation, which may be a "necessary reset" for the country's future growth.