Dow Jones crashes today: why is Dow down today despite the tariff ruling? S&P 500 and Nasdaq outperform on tech rebound

Dow Jones crashed 104.34 points to 49,290.82 today as U.S. GDP growth cratered to 1.4%. This massive economic miss stalled the blue-chip index. Meanwhile, the Nasdaq rose 0.41% after the Supreme Court struck down Trump’s tariffs. Tech stocks like Amazon jumped 2% on the news. However, the Dow fell because of a 1% growth hit from the government shutdown. Sticky 3% inflation also pressures the Fed to keep rates high.