NEW YORK, NY – The Nasdaq-100 Index (NDX), a vital benchmark for the technology sector, is experiencing a dramatic sell-off during the April 10th trading session, signaling widespread weakness among major tech and growth stocks.
As of 1:26 PM Eastern Time (UTC-4), the index plunged to 18,098.99. This marks a staggering decline of 1,046.07 points, or 5.46%, for the day. The tech-heavy index closed the previous session significantly higher at 19,145.06.
The intraday chart depicts a punishing day for the Nasdaq-100. After opening sharply lower, the index continued its descent throughout the morning, hitting a significant low point around 12:30 PM before attempting a modest, volatile rebound in the early afternoon. Despite the slight bounce, the index remains deeply in the red.
The Nasdaq-100 comprises 100 of the largest non-financial companies listed on the Nasdaq stock market and is heavily weighted towards technology giants. A drop of this magnitude often indicates broad-based selling pressure across the sector, potentially fueled by concerns over inflation, interest rate outlooks, geopolitical events, or specific industry headwinds impacting major index components.
This substantial decline underscores heightened investor anxiety and risk aversion, particularly towards the growth-oriented stocks that dominate the Nasdaq-100. Market participants are closely monitoring the situation as the trading day progresses.