Nasdaq 100 Faces Worst Week Since April Market Downturn Amid Tech Stock Selloff
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pera
6mo ago· 4 min readenNews
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Summary
The Nasdaq 100 is heading for its worst weekly performance since April's market meltdown, driven by a selloff in expensive tech stocks and AI winners. The broader market is experiencing a risk-off week with the S&P 500 ending a three-week winning streak as consumer sentiment hits a three-year low. Cryptocurrencies are also sliding, barely maintaining gains for 2025.
Key quotes
· 3 pulledThings were even worse for the Nasdaq 100 as a rout in artificial-intelligence winners put the tech-heavy measure on track for its worst week since the April tariff-fueled tantrum
A risk-off week on Wall Street is drawing to a close, with some of the most-expensive areas of the market driving stocks lower
Equities fell on Friday, with the S&P 500 set to halt a streak of three weeks of gains as a gauge of US consumer sentiment sank to a more than three-year low
A risk-off week on Wall Street is drawing to a close, with some of the most-expensive areas of the market driving stocks lower.
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