The Nasdaq Composite Index experienced significant volatility over the past two days, initially rising but ultimately reversing its gains. On April 7, the index dropped by 4.5% before recovering to turn positive. However, by the afternoon, it had swung nearly 7% and was down 2%. The following day, April 8, the Nasdaq continued to decline, reversing a previous 5% gain, primarily due to the announcement of new tariffs on China, which contributed to a broader downturn in the market. By the end of April 8, the Nasdaq had fallen by 6% over the last five hours, reflecting a loss of confidence among investors amid the tariff news.