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Nasdaq Plunges Over 2% as Investors Rotate Out of Tech Stocks

BearishHigh impact
NDX29,101.00 −2.79%CRWV$60.99 −12.48%NBIS$165.92 −11.94%MRNA$212.03 −10.35%MSTR$135.68 −10.32%

Major technology benchmarks slumped on Friday afternoon as selling swept across high-valuation growth companies. The Nasdaq Composite fell 2.1%, while the Nasdaq 100 Index (NASDAQ:NDX) dropped 2.4%. Declines were widespread across the sector, with 73 of the Nasdaq 100 index's 100 member companies trading lower during the session.

The broad pull-back reflected a distinct risk-off sentiment among market participants, who rotated out of technology and growth-oriented names. CoreWeave, Inc. (NASDAQ:CRWV) posted the largest loss among Nasdaq 100 constituents, dropping over 12%. Other prominent tech and growth stocks also suffered sharp losses, including Nebius Group N.V. (NASDAQ:NBIS), Moderna, Inc. (NASDAQ:MRNA), Strategy Inc. (NASDAQ:MSTR), Datadog, Inc. (NASDAQ:DDOG), and Palo Alto Networks, Inc. (NASDAQ:PANW).

Investors will be watching whether this rotation out of high-valuation growth assets persists into upcoming trading sessions or spreads further across broader market sectors. Market participants will also monitor whether major tech components can stabilize after leading the day's sharp downturn.

Key points

  • The Nasdaq 100 Index fell 2.4% on Friday as technology and growth stocks faced widespread selling pressure.
  • Out of 100 constituents in the Nasdaq 100, 73 companies traded lower during the session.
  • CoreWeave led index decliners with a slide of over 12%.
  • Nebius Group, Moderna, and Strategy Inc were among the hardest-hit stocks, each dropping more than 9%.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why did the Nasdaq fall on Friday?

The Nasdaq dropped as investors rotated away from high-valuation growth companies and technology stocks, driving widespread selling across the sector.

Which Nasdaq 100 stock lost the most ground?

CoreWeave led the Nasdaq 100 lower, dropping more than 12% during the session to post the steepest loss among index members.

How many Nasdaq 100 stocks declined during the sell-off?

A total of 73 out of the 100 companies in the Nasdaq 100 Index traded lower during Friday's session.