Nasdaq Composite Drops Nearly 3% Amid Technology Sector Selloff
The Nasdaq Composite Index experienced a significant decline on Friday, closing down 2.86% at 25,437 points. This drop represents the index's worst single-day performance since June, driven largely by an intensifying selloff across the technology sector. The downturn was further exacerbated by disappointing third-quarter financial results from Intel (INTC). The broader market reaction reflects heightened volatility and investor caution within tech-heavy indices as quarterly earnings reports impact sentiment.
Tickers: $INTC
Topics: earnings impact Nasdaq Composite technology sector selloff