U.S. stocks tumbled on Thursday, March 6, 2025, reversing the prior day’s optimism and pushing the Nasdaq Composite into correction territory.
The tech-heavy Nasdaq slid 2.6%, officially marking a correction, defined as a drop of at least 10% from a recent high. The S&P 500 fell 1.8%, while the Dow Jones Industrial Average lost 1%, underscoring broad weakness across major indices.
The sharp pullback came just one day after equities staged a relief rally following the Trump administration’s announcement of a one-month delay on tariffs targeting cars and auto parts imported from Canada and Mexico. Markets initially welcomed the postponement, seeing it as a temporary reprieve from escalating trade tensions.
However, investors quickly reassessed the broader economic picture. Analysts cited concerns that the tariff delay offered little clarity on long-term trade policy, leaving businesses uncertain about supply chains and costs. Tech shares, which have been among the most sensitive to trade-related headlines, bore the brunt of Thursday’s selloff.
“Markets are realizing that a one-month delay doesn’t solve the underlying issue—it just kicks the can down the road,” said one market strategist. “Uncertainty around trade and global growth continues to weigh heavily, especially on tech and manufacturing.”
The downturn puts additional pressure on Wall Street, which has faced heightened volatility in recent weeks amid shifting policy signals, interest rate debates, and geopolitical concerns. Traders now await further guidance from the White House and upcoming economic data releases that could shape expectations for growth in the months ahead.
