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Bloomberg
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Nasdaq 100 Enters Correction as Big Tech Stocks Keep Sliding
The Nasdaq 100 Index fell into correction territory on Friday, driven by a deepening slump in technology giant stocks that have powered the bull market for most of the past three years. The sell-off hit major tech companies hard. The index's decline marks a significant shift in market momentum.
The Nasdaq 100 Index fell into a correction territory on Friday amid a deepening slump in the shares of technology giants that have powered the bull market for most of the past three years.