Nasdaq Falls 2% and Enters Correction Territory Amid Tech Selloff
The source says the Nasdaq has dropped into correction territory as a broader selloff in technology shares pressures the index.
Summary
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Terms & Concepts
Correction territory: A market condition where an index or asset falls 10% or more from a recent peak, often signaling a notable pullback in sentiment.
Tech selloff: A broad decline in technology stocks, often driven by shifting risk appetite, earnings concerns, or changes in interest-rate expectations.