Nasdaq confirms correction as tariff worries weigh
ReutersMar 6, 2025 9:04 PM
March 6 (Reuters) - The Nasdaq Composite .IXIC confirmed on Thursday it has been in a correction since peaking last December, with losses fueled by worries about global trade and the pricey valuations of Wall Street's AI heavyweights.
With Thursday's 2.6% decline, the index was down a total of 10.4% from its record high close on December 16, meeting a widely used definition of a correction.
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