Stocks close out their worst quarter since 2022 amid tariff uncertainty
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Two of the three major U.S. stock indexes just wrapped up their worst quarter in well over two years. The third barely avoided the same fate. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. The S&P 500 dropped more than 4.5% for the first quarter of 2025 as of Monday’s close, and the tech-heavy Nasdaq plummeted 10.4%. The Dow Jones Industrial Average settled 1.3% lower and recorded its first back-to-back monthly loss since October 2023.
AI Summary
Main Idea: U.S. stocks ended a rough first quarter as President Donald Trump’s tariff plans added more uncertainty to already falling markets.
Key Points:
- The S&P 500 fell more than 4.5% in the first quarter, the Nasdaq dropped 10.4%, and the Dow also ended lower.
- Trump is set to announce another round of wide-ranging tariffs, and that has kept investors on edge.
- Big tech stocks, including Amazon and Apple, lost huge value this year as the market sold off.
- Stocks in Europe and China rose in the same period, while Japan’s market fell on fears about tariffs and slower growth.
Groups & Affiliates:
- Big Tech: Alphabet; Amazon; Apple; Meta; Microsoft; Nvidia; Tesla
Impact on the People
Negative Impact
Trump’s tariff plans and market drops can raise prices, cut retirement savings, and make it harder for small businesses and workers to plan.
Positive Impact
No clear positive impact identified.
How did each entity affect people?
Rate how each entity in this article affected the American people.
- Primary:President Donald Trumpperson
- Major:
Candidate Entities9 candidates · 5 weighted vote min · 70% decision
- President Donald TrumppersonPrimaryEvaluated
Central political actor whose tariff plans and trade actions are driving the market uncertainty in the article.
Include 0 (0%)Ignore 0 (0%)5 to threshold - AlphabetcompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold - AmazoncompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold - ApplecompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold - MetacompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold - MicrosoftcompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold - NvidiacompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold - TeslacompanyMajorAI selected
One of the “magnificent 7” companies that collectively lost more than $2 trillion in market value.
Include 0 (0%)Ignore 0 (0%)5 to threshold
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