Nasdaq 100 down 3% on the day with $3T in US tech market cap erased over 10 days, approaching technical correction levels.
Macro & Markets ·
The Nasdaq 100 declined 3% in a single trading session, tracking toward its steepest weekly loss since April 2025. Over the preceding 10 days, US technology stocks shed more than $3 trillion in aggregate market capitalization. At this level, the index stands approximately 2.5% removed from reaching a technical correction threshold. The erosion reflects a broader pullback in the technology sector, which has weighed on equity valuations across major indices. Precise drivers of the decline and the duration of selling pressure remain unclear from available data; analysis characterizing current conditions as a "Bear-Bull Market" suggests mixed directional signals across asset classes. Whether this represents a temporary dislocation or the start of a more sustained repricing remains undetermined.