Nasdaq 100 Drops 2% as Market Sentiment Weakens

According to ChainCatcher, citing data from Jinshi, the Nasdaq 100 Index recorded a sharp decline, falling 2% during the session. The move reflects increased pressure on large-cap technology stocks, which make up a significant portion of the index.
The sell-off suggests a shift in investor sentiment, potentially driven by concerns over interest rate expectations, valuations in the tech sector, or broader macroeconomic uncertainty. As growth-oriented stocks tend to be more sensitive to changes in monetary policy and risk appetite, declines in the Nasdaq 100 often signal heightened caution across equity markets.
Market participants are closely monitoring upcoming economic data and policy signals to assess whether the pullback represents a short-term correction or the beginning of a more sustained period of volatility for technology-heavy indices.