Nasdaq 100 Officially Enters Correction Territory as Geopolitical Tensions Escalate

The Nasdaq 100 Index remains firmly in technical correction territory after declining more than 10% from its recent annual peak. This selling pressure has been primarily driven by geopolitical concerns involving Iran and its broader impact on global financial stability. However, market sentiment saw a brief reprieve following Donald Trump's announcement of a 10-day pause on plans to target Iranian energy infrastructure. This temporary window of de-escalation offers a moment of relief for energy prices and global inflation expectations. Despite this development, major ETFs such as QQQ and QQQM continue to witness capital outflows as investors remain wary of high-growth assets. Analysts suggest that while the pause is a positive signal, the underlying technical damage to the technology sector persists. Markets remain highly sensitive to any further developments that may occur during this 10-day period.

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