On March 4, 2025, the Nasdaq 100 ETF ($QQQ) experienced significant volatility, initially dropping 1.9% before recovering to a gain of 0.7% after hours. During the trading day, it fell as much as 3% from its intraday lows, reflecting a broader trend in the market. The S&P 500 also mirrored this volatility, with reports indicating a drop of 105 points within a 30-minute window, leading to a loss of approximately $875 billion in market capitalization. The S&P 500 index turned red later in the day, following a period of decline that saw it lose 100 points in just 20 minutes. This rapid fluctuation occurred without any major news events, raising questions about market stability.