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Nasdaq 100 Falls To 7-Week Lows, Marks Worst 2-Day Drop In Nearly 2 Years As Tech Rout Rages On - Invesco
The Nasdaq 100 index experienced another decline on Thursday, closing at its lowest level since early June after a volatile session. The previous day, the Nasdaq 100 dropped 3.7%, its worst session since October 2022.
Despite a higher-than-expected second-quarter GDP growth rate and decreasing price pressures, which briefly boosted stocks and risky assets and saw the Nasdaq 100 rising 0.9% during midday trading in New York, afternoon trading brought a sentiment shift as traders slightly reduced their Fed rate cut bets.
Alphabet Inc.GOOGL GOOG tumbled as OpenAI introduced new search features to a select group of users.
Over the last two sessions, the Nasdaq 100, as tracked by the Invesco QQQ TrustQQQ, has fallen by 4.7%, marking its worst two-day drop since September 2022.
Chart: Nasdaq 100 Faces Worst 2-Day Dip Since September 2022
Thursdays 10 Worst Performers Among Nasdaq 100 Stocks
| Name | 1-Day % |
| Lululemon Athletica Inc.LULU | -9.03% |
| Warner Bros. Discovery, Inc. WBD | -5.73% |
| Arm Holdings plcARM | -5.45% |
| Honeywell International Inc.HON | -5.26% |
| Advanced Micro Devices, Inc.AMD | -4.36% |
| Booking Holdings Inc. BKNG | -3.86% |
| Intuitive Surgical, Inc.ISRG | -3.79% |
| ON Semiconductor CorporationON | -3.67% |
| DexCom, Inc.DXCM | -3.57% |
| QUALCOMM IncorporatedQCOM | -3.15% |
| Alphabet Inc.GOOGL | -3.07% |
Thursdays 5 Best Performers Among Nasdaq 100 Stocks
| Name | 1-Day % |
| Atlassian CorporationTEAM | 6.34% |
| Old Dominion Freight Line, Inc.ODFL | 5.74% |
| MongoDB, Inc.MDB | 4.83% |
| Gilead Sciences, Inc.GILD | 4.12% |
| OReilly Automotive, Inc.ORLY | 4.09% |
Photo via Shutterstock.
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