Nasdaq Composite and Nasdaq-100 Decline Amid Technology Sector Selling Pressure
Technology stocks experienced significant selling pressure during Thursday's trading session, driven primarily by weakness in growth-oriented equities. The downturn was widespread across the tech sector, leading to notable losses for major indices. The Nasdaq Composite fell by 2.3%, while the Nasdaq-100 saw a steeper decline of 2.5%. Information technology emerged as the worst-performing sector within the S&P 500, reflecting a broader market rotation or pullback in high-growth names.
Topics: Market Sell-off Nasdaq Composite S&P 500 Technology Sector
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Part of the story Nasdaq Drops as AI Spending Concerns and Tech Weakness Weigh on Markets (2 articles)