The Nasdaq Composite (NASDAQINDEX: ^IXIC) is officially in a bear market. While it had been floating around in correction territory for a few weeks, it fell more than 20% below its all-time high after President Donald Trump announced his new tariff plan on April 2.

The Nasdaq Composite index could end Friday in a bear market, down at least 20% from its recent peak. The Nasdaq level to watch is 16139.11, according to Dow Jones Market Data, which would require a 2.

U.S. President Donald Trump's sweeping reciprocal tariffs announcement led to Wall Street's worst crash since COVID-19 on Thursday. The bleeding has continued on Friday, pushing the tech-heavy Nasdaq Composite (COMP:IND) to an ignominious milestone.