NEW YORK – Significant selling pressure hit the Nasdaq Industrial sector during Tuesday’s trading session, sending the index sharply lower and wiping out hundreds of points in value.
As of 1:28 PM EDT (UTC-4) on April 10, the Nasdaq Industrial index (INDEXNASDAQ) was trading at 10,159.71. This represents a steep decline of 501.63 points, equating to a 4.71% drop for the day.
The downturn reflects a substantial move from the previous close of 10,661.34. The intraday chart reveals a consistent downward trend throughout the session, with the index falling from opening levels near 10,450 to briefly dip near the 10,000 mark around midday before a slight rebound.
The current level indicates a marked decrease in investor confidence within the industrial components tracked by this specific Nasdaq index. The magnitude of the percentage loss highlights the severity of the pullback experienced in this market segment during today’s trading.