ME News reports that on October 31 (UTC+8), the Nasdaq-100 index fell as much as 4.5% during U.S. trading hours on Friday, dropping more than 10% from its recent high and entering its third technical correction this year. The index declined approximately 3% for the week, as disappointing earnings reports from Alphabet (Google’s parent company), Amazon, Intel, and ServiceNow triggered a sell-off in tech stocks. Market strategists noted that investors are increasingly focusing on the return on capital and the potential for recovery of investment principal in AI-related spending. (Source: ChainCatcher)
Nasdaq 100 Faces Third Technical Correction of 2026
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Summary
The Nasdaq 100 entered a technical correction on October 31 (UTC+8), dropping as much as 4.5% during U.S. trading hours. The index has now corrected for the third time in 2026, falling more than 10% from its recent highs. A 3% weekly decline followed weak earnings reports from Alphabet, Amazon, Intel, and ServiceNow. Technical indicators suggest increasing pressure as investors shift focus toward capital returns in AI-driven sectors.
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