Bearish
Nasdaq 100 declines 1.3% amid tech sell-off; Axon Enterprise drops 8.3%.
In the past 24 hours, the Nasdaq 100 index experienced a 1.3% decline, closing at 29,053.73 points. This downturn was primarily driven by significant sell-offs in technology stocks, notably Axon Enterprise, which fell 8.3%. The consumer discretionary sector also faced pressure, contributing to the overall market weakness.
Key points
- Axon Enterprise shares plummeted 8.3%, leading the decliners in the Nasdaq 100.
- The consumer discretionary sector declined by 2%, exacerbating the index's downturn.
- Apple's stock rose over 2.5% following the appointment of a new CEO, providing some support to the index.
Sources
AI-generated from public news sources. Not financial advice.
