Nasdaq 100NAS100

Nasdaq 100 declines 1.61% amid sharp drops in U.S. storage stocks

Over the past 24 hours, the Nasdaq 100 index experienced a significant decline of 1.61%, closing at 29,329.21 points. This downturn was primarily driven by substantial losses in U.S. storage stocks, notably SanDisk, which fell by 6.8%, and Seagate, which dropped by 5.1%. The broader technology sector also faced headwinds, with the Philadelphia Semiconductor Index (SMH) decreasing by over 5%, reflecting growing investor caution.