Aniket PujariThe US stock market witnessed a sharp selloff overnight on March 10, with major indices—the Nasdaq and S&P 500—plunging 4 per cent and 2.70 per cent, respectively, as concerns over a major trade war and economic slowdown in the world’s largest economy due to President Donald Trump’s trade policies spooked investors.
Technology stocks in the US suffered their biggest intraday losses since 2022. It wasn’t just equities—several other asset classes, including corporate bonds and cryptocurrencies, also saw a significant selloff. US bond prices fell, driving yields higher as investors rushed to safe-haven assets amid a gloomy economic outlook.
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