Mmastodon BusinessMarkets first seen 16 h ago, last 10 min ago, peak #2
Nasdaq-100 on track to shed $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 lose more than $2 trillion in market value over October, according to commentary circulating alongside a chart of the decline. The drop reflects a broad sell-off across major technology stocks during the month, and observers are sharing the figures to underline the scale of losses hitting the tech-heavy index and the wider economy.
Why now: Investors are reacting to a sharp monthly decline in tech-heavy markets and the sheer size of the losses involved.
Nasdaq-100NasdaqUS stock market
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