Nasdaq Composite dives 531 points as U.S. stocks tumble

U.S. stock markets plummet as trade war heats up

Lola Evans
28 Feb 2025, 02:56 GMT+10

Nasdaq Composite dives 531 points as U.S. stocks tumble

NASDAQ Composite: The NASDAQ saw a significant drop of 530.85 points, a loss of 2.78 percent, finishing at 18,544.42.
Dow Jones Industrial Average (DJIA): The DJIA declined by 193.62 points, down 0.45 percent, ending at 43,239.50.
S&P 500: The index fell by 94.49 points, a decrease of 1.59 percent, closing at 5,861.57.

NEW YORK, New York - U.S. stocks floundered on Thursday as new trade tariffs were imposed, and those paused were given the green light. Technology stocks bore the brunt of the sell-off. Following are the closing quotes of the major U.S. indices:

S&P 500: The index fell by 94.49 points, a decrease of 1.59 percent, closing at 5,861.57.
Dow Jones Industrial Average (DJIA): The DJIA declined by 193.62 points, down 0.45 percent, ending at 43,239.50.
NASDAQ Composite: The NASDAQ saw a significant drop of 530.85 points, a loss of 2.78 percent, finishing at 18,544.42.

Canada:

S&P/TSX Composite Index (Canada): The Canadian index decreased by 200.12 points, a decline of 0.79 percent, settling at 25,128.24.

European Markets:

FTSE 100 (UK): The FTSE 100 edged up by 24.75 points, an increase of 0.28 percent, closing at 8,756.21.
DAX (Germany): Germany's DAX dropped by 243.22 points, a decrease of 1.07 percent, ending at 22,550.89.
CAC 40 (France): The French CAC 40 declined by 41.40 points, down 0.51 percent, finishing at 8,102.52.
EURO STOXX 50: This pan-European index fell by 55.43 points, a reduction of 1.00 percent, closing at 5,472.56.
Euronext 100: The index decreased by 12.24 points, a loss of 0.77 percent, ending at 1,587.59.
BEL 20 (Belgium): Belgium's BEL 20 dropped by 28.75 points, down 0.64 percent, settling at 4,447.31.

Asian and Pacific Markets:

Hang Seng Index (Hong Kong): The index decreased by 69.64 points, a decline of 0.29 percent, closing at 23,718.29.

SSE Composite Index (China): The Shanghai Composite experienced a modest gain of 7.85 points, an increase of 0.23 percent, closing at 3,388.06.
Nikkei 225 (Japan): Japan's Nikkei 225 advanced by 113.80 points, up 0.30 percent, ending at 38,256.17.

STI Index (Singapore): Singapore's STI advanced by 13.14 points, an increase of 0.34 percent, reaching 3,921.19.
S&P/ASX 200 (Australia): Australia's benchmark index rose by 27.50 points, up 0.33 percent, ending at 8,268.20.
ALL ORDINARIES (Australia): This index gained 28.80 points, an increase of 0.34 percent, closing at 8,506.10.
S&P BSE SENSEX (India): The SENSEX experienced a marginal rise of 10.31 points, a slight uptick of 0.01 percent, finishing at 74,612.43.
FTSE Bursa Malaysia KLCI: The Malaysian index edged down by 2.11 points, a decrease of 0.13 percent, settling at 1,586.60.
S&P/NZX 50 Index Gross (New Zealand): New Zealand's index climbed by 88.41 points, an increase of 0.71 percent, closing at 12,540.87.
KOSPI Composite Index (South Korea): The KOSPI fell by 19.34 points, a loss of 0.73 percent, ending at 2,621.75.
TWSE Capitalization Weighted Stock Index (Taiwan): Taiwan's benchmark index dropped by 349.37 points, down 1.49 percent, closing at 23,053.18.

Middle East Markets:

TA-125 (Israel): The index remained virtually unchanged, with a minimal increase of 0.02 points, finishing at 2,542.52.
EGX 30 Price Return Index (Egypt): Egypt's index saw a slight decline of 21.60 points, a decrease of 0.07 percent, settling at 30,610.40.

Africa:

Top 40 USD Net TRI Index (South Africa): The South African index decreased by 82.16 points, a drop of 1.74 percent, closing at 4,645.60.

Currency Indices:

US Dollar Index: The index rose by 0.85 points, an increase of 0.80 percent, reaching 107.27.
MSCI Europe Index: This index declined by 32.78 points, a decrease of 1.46 percent, settling at 2,213.79.
British Pound Currency Index: The index fell by 0.72 points, down 0.57 percent, to 126.04.
Euro Currency Index: The Euro index decreased by 0.83 points, a decline of 0.79 percent, ending at 104.01.
Japanese Yen Currency Index: The index saw a decline of 0.28 points, a decrease of 0.41 percent, settling at 66.81.
Australian Dollar Currency Index: The Australian Dollar index fell by 0.75 points, down 1.19 percent, to 62.34.