Key Takeaways:
- Nasdaq Composite drops 800+ points, falling 3%
- Nasdaq 100 plunges 1,000+ points, down 3.4%
- S&P 500 slides 1.78% as Dow loses 0.8%
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Nasdaq plunges 3% as tech rout deepens, Dow falls 0.8%
The Nasdaq Composite tumbled 3%, shedding more than 800 points, as a broad technology selloff swept across US equity markets.
The Nasdaq 100 plunged more than 1,000 points, or 3.4%, while the S&P 500 fell 1.78%. The Dow Jones Industrial Average declined 0.8%, extending losses across all three major indices.
The selloff was concentrated in technology stocks, with the Nasdaq 100 suffering a steeper decline than the broader market. The divergence — the Nasdaq 100 falling nearly twice as much as the S&P 500 — points to tech and growth names as the primary source of pressure.
The decline marks one of the steepest single-day drops for the Nasdaq this year. With the Federal Reserve's next policy meeting approaching and economic data releases due in the coming weeks, the selloff raises the stakes for the monthly jobs report as the next potential catalyst for direction.
This article is for informational purposes only and does not constitute investment advice.
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