Nasdaq Computer Index Suffers Major Blow, Drops Nearly 6%

NEW YORK – Technology stocks faced intense selling pressure on April 4th, as reflected by the steep decline in the Nasdaq Computer Index (IXCO). The index recorded a significant loss during the trading session.

As of 5:15:59 PM UTC-4, data from INDEXNASDAQ showed the Nasdaq Computer Index sitting at 13,755.49. This represents a dramatic fall of 868.27 points, translating to a 5.94% decrease for the day.

This sharp downturn pushed the index well below its previous closing value of 14,623.76, indicating widespread weakness among the computer-related stocks that constitute the index.

The 1-day chart illustrates the extent of the sell-off, which began at the market open and continued with volatility throughout the session. Despite brief attempts to stabilize, the index trended sharply lower, finishing near its intraday lows shown on the chart, underscoring the negative sentiment dominating the tech sector during the day’s trading.