Nasdaq Slides; Bitcoin Falls Below $90,000 — WSJ
By Katy Barnato and Hannah Erin LangTariff fears and economic worries are dragging on markets again.Major stock indexes slid Tuesday. The tech-focused Nasdaq Composite fell, while Treasury prices rallied and cryptocurrencies sold off.Tech and energy stocks were among those leading the declines. The Roundhill Magnificent Seven ETF dropped about 2.7% and was headed toward a correction, or a drop of at least 10% from a recent high.Investors also are digesting a sharp drop in consumer confidence and fresh tariff headlines. Trump has said tariffs on Canada and Mexico are set to move forward next week.In recent trading:The Nasdaq Composite fell more than 1%, following Monday's tech-led selloff. The S&P 500 dropped roughly 0.6%, and the Dow industrials were little changed.Treasury yields dropped to about 4.3%. They settled Monday at 4.39%, the lowest end-of-day level this year.Bitcoin prices dropped below $88,000 as part of a broader selloff in cryptocurrencies.Consumer confidence dropped sharply in February to a reading of 98.3, the largest monthly decline since August 2021.Write to Katy Barnato at [email protected] and Hannah Erin Lang at [email protected] item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).