Nasdaq Drops 4% for the Week as Tech Sector Selloff Intensifies

Key Facts

The Nasdaq index recorded a 4% weekly loss amid intense selling pressure. Seeking Alpha reported that major US indices closed in the red as a deepening selloff in the technology sector drove broader market benchmarks lower.

WTI crude oil prices settled above $101 per barrel during the same period, highlighting a divergence between equity and energy markets. The downward movement followed what was described as a three-prong attack on market sentiment that pressured all three major indices.