The Nasdaq Composite index slipped into bear market territory in April, after President Trump imposed tariffs on America’s trading partners. Digital products and services are largely exempt from tariffs, so cybersecurity vendors like CrowdStrike and Palo Alto Networks are mostly unaffected. Following President Donald Trump’s “Liberation Day” tariff announcement on April 2, the Nasdaq Composite technology index plunged by as much as 24% from its record high, placing it in a technical bear market.
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