NASDAQ 100 plunges 6%, erasing $2.3T in market value

The Nasdaq 100 index experienced a significant drop of 6.4%, erasing $2.3 trillion in market value, according to reports. This decline follows the index’s recent move into correction territory, having fallen over 10% from its previous record high. The downturn was notably concentrated in AI and semiconductor stocks, with related indices also showing sharp declines. This market movement reflects a broader risk-off sentiment affecting technology-linked assets, including cryptocurrency-related firms, which saw substantial declines in their stock prices. Observers will be looking for any stabilizing indicators in the technology sector, as further declines could continue to weigh on related markets, including cryptocurrencies. Key actors such as the Federal Reserve and major financial institutions may also play a role in influencing market sentiment. Developments in U.S.

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