Nasdaq-100 Enters Correction, Down 11% From June High
NDX sits 20% above its 52-week low of $22,673.875.
Summary
The Nasdaq-100 dropped 2.1% today, pushing it into correction territory—down 11% from its June 2 record close. This marks the first official correction since March 27, when the index bottomed three days later. The broader Nasdaq composite is also near a correction, off 9.8% from its high. The move extends a volatile period for tech, with the index logging 1%+ daily swings in 20 of the last 26 sessions. Recent pressure has come from AI spending fears and a surge in oil prices, with today's decline adding to the worst week since late June.
At the time of this announcement, NDX was trading at $27,192.31 on NASDAQ in the Technology sector. The 52-week trading range was $22,673.88 to $30,762.20. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.