Guan Cha Zhe Wang·2025-10-11 01:05Core Viewpoint - The U.S. stock market experienced its most severe sell-off in six months on October 10, with significant declines across major indices, particularly the Nasdaq and S&P 500, which recorded their largest single-day drops since April [1] Group 1: Market Performance - The three major U.S. indices all closed lower, with the Dow Jones down 878.82 points (1.9%), the Nasdaq down 820.20 points (3.56%), and the S&P 500 down 182.60 points (2.71%) [1] - The Nasdaq and S&P 500 indices marked their largest single-day declines since April [1] Group 2: Impact on Technology Stocks - Major technology stocks saw widespread declines, with Tesla falling over 5%, Amazon nearly 5%, and Apple and Meta dropping over 3% [1] - Microsoft and Google experienced declines of over 2%, while Nvidia fell by 4.89% [1] Group 3: Regulatory Issues - Qualcomm's stock dropped by 7.3% following news of an investigation by China's market regulator for allegedly failing to report its acquisition of Autotalks, which may violate antitrust laws [1] Group 4: Economic Commentary - Economist Dan Greenhaus noted that the recent tariff issues have forced the market to reassess its previous acceptance of the status quo, particularly regarding tariffs on major import sources [1]