The Nasdaq 100 is facing its third technical pullback of the year
Oct 31, 2026 03:16:45
The Nasdaq 100 index fell by 4.5% during intraday trading on Friday, retreating more than 10% from recent highs, facing its third technical correction of the year. The index has accumulated a decline of about 3% this week, with disappointing earnings reports from Google's parent company Alphabet, Amazon, Intel, and ServiceNow triggering a sell-off in tech stocks. Market strategists noted that investors are beginning to focus on the capital return of AI investments and whether the principal can be recovered.