Nasdaq 100 Index Experiences Intraday Decline
According to BlockBeats, market data indicates that the Nasdaq 100 Index has erased earlier gains, reaching its lowest point during the trading session with a recent decline of 0.2%.
• Profit-taking: Investors may be selling off tech stocks to lock in recent gains.
• Economic concerns: Uncertainty around inflation and consumer spending is weighing on sentiment.
• Interest rate speculation: Anticipation of Fed moves is pressuring growth stock valuations.
