Nasdaq Falls 2% as Major Technology Stocks Extend Broad Losses

The Nasdaq Composite was down 2% at 10:30 a.m. ET Thursday (14:30 UTC), as major technology stocks fell broadly and the tech-heavy index posted a sharper loss than other major U.S. indexes. The selloff put a notable cross-market move on crypto traders’ radar.

The S&P 500 had fallen 1.17% at that snapshot, while the Dow Jones Industrial Average was down 0.4%. The Nasdaq’s decline was five times the Dow’s. The S&P’s loss fell between the two, showing how much sharper the decline was in the technology-heavy index.

Meta led the named technology stocks lower, down 6.51%, followed by Amazon at 3.91% and Taiwan Semiconductor Manufacturing Co. at 3.53%. Broadcom fell 3.1%, Nvidia lost 2.95%, and Google-A declined 2.21%. Microsoft was down 1.81%, Tesla slipped 0.16%, and Apple fell 0.05%.

The losses ranged from steep declines at Meta and Amazon to smaller moves at Apple and Tesla. For crypto traders, the equity drop is a cross-market development to watch; the figures in this snapshot cover stocks.