Lates News

On Friday, the Nasdaq 100 index entered a pullback zone due to the continuous decline in the stock prices of tech giants, which have been leading the bull market trend in the stock market for the past three years. The benchmark index, mainly consisting of tech stocks, dropped by 0.9%, causing the index to decline by 11% from its peak in October last year. This is the first technical pullback for the Nasdaq 100 index since President Trump implemented tariff policies in April 2025, leading to a stock market crash. The decline in the index comes as investor confidence is shaken by the Iran war, while the prospect of when the huge investments by tech giants in artificial intelligence computing will start to yield greater returns is facing increasing doubts.