NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks
Tech NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks The NASDAQ 100 slid 2.1% in recent trading, extending a streak of losses that has rattled investors across both traditional equities and digital assets. The selloff hit information technology stocks hardest, with the sector leading the broader decline as Wall Street digests the uncomfortable reality that the Federal Reserve may not be cutting rates anytime soon. The broader Nasdaq Composite also dropped 1.39%, confirming this isnt just a narrow blip. Inflation data changes the calculus Recent US inflation prints came in hotter than expected, pushing back the timeline for rate cuts that many had treated as a near-certainty. Thats a problem for growth stocks, which are essentially long-duration bets on future earnings. When interest rates stay elevated, the present value of those future cash flows shrinks, making it harder to justify paying premium prices for companies whose biggest profits are years away. Tech stocks, which dominate the NASDAQ 100, are particularly sensitive to this dynamic. The index is heavily weighted toward companies that trade on growth expectations rather than current profitability. The selloff wasnt entirely uniform, though. Take-Two Interactive managed to buck the trend, rising 6.8% intraday even as the rest of the