Global stock markets experienced significant declines with the NASDAQ 100 down 1%, Japan's Nikkei Average Futures dropping 1.21% in early trade, and the Nikkei Index falling below 37,000 for the first time since February 9. S&P 500, NASDAQ 100, and Dow Jones all saw declines ranging from 1.3% to 1.7%, while the Nikkei plummeted 3.31% in a technical correction after a more than 10% decline from its recent all-time high.