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Nasdaq 100 (NDX, NDQ, QQQ) Hits Third Correction of 2026 on Unwinding Tech Bets

Bloomberg Markets Friday 30 October 2026, 18:57 UTC By Geoffrey Morgan 1 min read
Key Points

Nasdaq 100 Hits Third Correction of 2026 on Unwinding Tech Stock Bets Investors dumped big tech stocks following a slew of disappointing earnings, putting the Nasdaq 100 Index on course to enter its third technical correction of the year. The Nasdaq 100 fell as much as 4.5% on Friday to complete a more than 10% drop from its most recent peak. The latest round-trip ride for the tech-heavy gauge was preceded by a drop at the outbreak of the Iran war and a selloff in semiconductor stocks over...

Nasdaq 100 Hits Third Correction of 2026 on Unwinding Tech Stock Bets Investors dumped big tech stocks following a slew of disappointing earnings, putting the Nasdaq 100 Index on course to enter its third technical correction of the year. The Nasdaq 100 fell as much as 4.5% on Friday to complete a more than 10% drop from its most recent peak. The latest round-trip ride for the tech-heavy gauge was preceded by a drop at the outbreak of the Iran war and a selloff in semiconductor stocks over the summer.
NDQ (ORG) Unwinding Tech Stock Bets Investors (ORG) the Iran war (EVENT)
Originally published by Bloomberg Markets Read original →

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