The Nasdaq-100 Index fell 2.13% to close at 29,217.19 on July 2, recording its largest intraday decline of the session. The tech-heavy benchmark swung from a high of 30,044.50 to a low of 29,145.63, with volume reaching 764 million shares.
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Nasdaq-100 sinks 2.13% in sharpest intraday slide of July 2
The Nasdaq-100 fell 2.13% to 29,217.19 on July 2, its largest intraday decline of the session, as selling pressure swept through technology stocks.
The selloff erased gains from an early-session rally that pushed the index to 30,044.50, with the reversal accelerating in the final hours of trading. The index opened at 29,778.70 before climbing to its session high, then reversed sharply to a low of 29,145.63 — a decline of about 899 points from peak to trough. Volume totaled 764 million shares, as the move marked the widest intraday range for the Nasdaq-100 on July 2.
The decline shows the fragility of the recent rally in megacap technology stocks, with the Nasdaq-100 now sitting about 1.9% below its session high. Traders will watch for follow-through selling in the next session as the index tests support near the 29,000 level.
This article is for informational purposes only and does not constitute investment advice.
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