StocksMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
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Nasdaq Drops 2% as Tech Sector Selloff Deepens Weekly Losses
Key Facts
1The Nasdaq index fell 2% during today's trading, bringing its total weekly losses to over 4%.
2Technology stocks declined significantly, dragging the overall index lower.
The Nasdaq composite fell 2% during today's trading, bringing its total weekly losses to over 4%. Seeking Alpha reported that technology stocks declined significantly, dragging the overall index lower and concluding a volatile week for the sector.
The downward movement follows higher-than-expected inflation data released earlier in the week, which dampened investor sentiment. Regarding related instruments, NDAQ closed at $93.50 on October 15, 2026, having traded between a day high of $93.75 and a low of $92.12 during that session.
Latest Updates · 1
- Notable·
Update: The Nasdaq Composite's decline deepened to 2.37% on October 16, 2026. The selloff extended to specific sub-sectors, including chip, software, and cybersecurity stocks.