On Tuesday, September 23, 2025, as the US stock market drew to a close, a wave of selling swept across the market, causing all three major indices to register losses. The Dow Jones Industrial Average kicked off the downturn with a 0.19% drop. The S&P 500 Index wasn't spared either, as it took a 0.55% hit. Meanwhile, the tech-heavy Nasdaq Index witnessed a more pronounced decline, falling by 0.95%.

Turning to individual stocks, some well-known names were caught in the downturn. Nvidia, a prominent player in the semiconductor industry, saw its shares slide nearly 3%. Oracle, a major software and cloud services provider, wasn't far behind, with its stock dropping 4.3%. On the flip side, TSMC (Taiwan Semiconductor Manufacturing Company) stood out as a rare bright spot, with its shares rising 3.7%.

The situation was even more gloomy for Chinese stocks listed on the Nasdaq. The Nasdaq Golden Dragon China Index, which tracks the performance of Chinese companies trading on the exchange, fell by 2.2%. Among the worst performers, Baidu took a significant hit, with its shares plummeting 8%. Tencent Music and Bilibili, two popular Chinese entertainment and social media platforms, also felt the heat, with both stocks declining by 4%.