Nasdaq Tumbles 2% as Major Tech Stocks Face Heavy Selloff

Key Facts

1The Nasdaq index fell by 2% driven by a heavy selloff in 10 leading stocks.

The Nasdaq index fell by 2% during Wednesday's session, driven by a heavy selloff in 10 leading stocks. Seeking Alpha reported that the decline impacted both the composite and the Nasdaq-100 index as growth stocks faced renewed downward pressure.

The selloff appears to be an intensification of the recent decline in AI-related stocks, affecting major heavyweights within the tech-heavy index. Regarding related instruments, NDAQ closed at $93.48 on October 13, 2026, prior to the current market volatility.