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StocksMediumUpdated×5•Originally published 26 March 2026•Updated 27 March 2026•

1 min read

Nasdaq 100 Officially Enters Correction Territory as Geopolitical Tensions Escalate

Key Facts

1The Nasdaq 100 Index has fallen 9.2% from its peak earlier this year, nearing a formal technical correction.

2ETFs such as QQQ and QQQM are seeing a jump in outflows as investors dump holdings to mitigate risk.

4 months ago

Version History

11 additional sources confirmed this story

Version 54 months ago

What changed: Diplomatic efforts failed to stabilize markets, and whipsaw trading confirmed steep weekly losses.

Version 44 months ago

What changed: The story was updated to include the $17 trillion total market loss estimate, the impact on crypto-related stocks, and the identification of a recurring weekly volatility pattern linked to the conflict.

Version 34 months ago

What changed: The story was updated to include the new April 6 deadline for reopening the Strait of Hormuz, Trump's positive comments on negotiations, and the decline in US stock futures ahead of Friday's open.

Version 24 months ago

What changed: The story was updated to include Trump's announcement of a 10-day pause on plans to attack Iranian energy infrastructure, providing a temporary market reprieve.

Version 14 months ago

What changed: Updated the status from 'nearing correction' to 'officially entered correction' following the market close where the index fell 10% or more from its peak.

The Nasdaq 100 Index remains firmly in technical correction territory amid ongoing geopolitical tensions and the April 6 deadline for Iran to reopen the Strait of Hormuz. Total market losses are estimated at a staggering $17 trillion, with crypto-related stocks facing significant pressure alongside the tech-heavy index. Recent market action has confirmed a pattern of whipsaw trading, where volatile sessions led to steep weekly losses and the evaporation of early gains. Despite Washington's claims of diplomatic progress, these efforts have failed to stabilize investor sentiment or calm the broader markets. Ahead of the open, Nasdaq futures fell 0.5%, while major ETFs like QQQ and QQQM continue to see capital outflows despite optimistic comments from President Trump. Markets remain laser-focused on the April 6 deadline as a critical juncture for global trade and energy stability.