Tech Stocks Plunge as Fear Grips Nasdaq 100

A wave of selling pressure swept through the technology sector on Wednesday, driving the Nasdaq 100 down by more than 500 points. Investors rapidly exited positions in high-flying artificial intelligence stocks, sparking questions about the sustainability of the recent rally and whether a more substantial market correction could be imminent.

The CBOE Volatility Index (VIX), widely regarded as Wall Street’s primary fear indicator, surged by over 15 percent to reach 19.53 points. This significant jump signals that market participants are bracing for increased turbulence. Trading volume reached 413.76 million shares, substantially exceeding the three-month average, confirming that sellers dominated the session.

The index opened weakly at 25,580 points and continued to deteriorate throughout the Read more...