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Nasdaq 100 Falls 2.7% in Broad Technology Sector Selloff

The major U.S. tech-heavy index continues its downward trend as investors reduce exposure to high-growth technology stocks.

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Terms & Concepts
  • Nasdaq 100: A stock market index representing the largest non-financial companies listed on the Nasdaq exchange, heavily weighted toward the technology sector.
  • Tech Selloff: A rapid decline in technology stock prices, often triggered by investor risk aversion or macroeconomic concerns.
  • QQQ: An exchange-traded fund (ETF) that tracks the Nasdaq 100 Index, commonly used by investors to trade or hedge large-cap technology exposure.