On March 10, 2025, the US stock market experienced the most severe volatility during Trump’s second term. The Dow Jones Industrial Average fell 890 points, a decrease of 2.08%; The S&P 500 index plummeted by 2.7%, with a daily market value evaporation of over $4 trillion; The Nasdaq Composite Index plummeted by 4%, marking its largest single day decline in two and a half years. Technology stocks have become the hardest hit areas, with Tesla’s market value evaporating by $130 billion overnight, and the “seven giants” such as Apple and Nvidia collectively falling by more than 4%.