Mmastodon BusinessMarkets first seen 6 h ago, last 1 h ago, peak #2
Nasdaq-100 on track to lose over $2 trillion in October
Original: This picture really drives it home. Nasdaq-100 set to wipe out over $2 trillion in October # economy # nasdaq # markets
The Nasdaq-100 index is set to erase more than $2 trillion in market value over the course of October, according to commentary circulating among market watchers. The focus is on a chart illustrating the scale of the decline, which people are sharing as a stark visual of how much value technology and growth stocks have shed during the month's selloff.
Why now: A sharp October selloff in major technology stocks is drawing attention to the enormous dollar value being wiped from the Nasdaq-100.
Nasdaq-100NasdaqUS stock market
Rank over time, top of the chart is #1. 11 snapshots from 6 h ago to 1 h ago.
Evidence
- This picture really drives it home. Nasdaq-100 set to wipe out over $2 trillion in October # economy # nasdaq # markets # tech · scottwilson@infosec.exchange · 5
API: https://socialmediatrends-api.osmike.com/v1/trends/4391970