SignalMacro
Nasdaq plunges more than 2%, and these 10 names have fanned the flames
Nasdaq's 2% plunge linked to ten specific stocks driving the decline.
Context
What happened: Technology stocks faced broad selling pressure on Thursday, led by weakness in growth names, with the Nasdaq Composite and Nasdaq-100 both falling.
Key numbers: Nasdaq Composite (COMP:IND) declined 2.3% on the session. Nasdaq-100 (NDX) fell 2.5%. Information technology ranked as the worst-performing sector in the S&P 500.
Why it matters: The decline was broad across technology stocks, with growth names leading the weakness and information technology ranking as the worst-performing S&P 500 sector on the session.
What changed
Technology stocks faced broad selling pressure on Thursday, led by weakness in growth names, with the Nasdaq Composite and Nasdaq-100 both falling.
Why it matters
The decline was broad across technology stocks, with growth names leading the weakness and information technology ranking as the worst-performing S&P 500 sector on the session.