Nasdaq 100 Craters 6.4% in Worst Session Since the 2020 Lockdowns

The Nasdaq 100 just logged its ugliest session in more than five years. The index fell 6.4% on the day, the steepest single-day decline since the 2020 lockdowns, according to The Kobeissi Letter.

That puts the selloff in rarefied air. Not since the pandemic-era shutdowns have tech-heavy stocks taken a hit this hard in a single session, the outlet noted — a comparison that stretches back roughly half a decade.

The Kobeissi Letter flagged the drop in a post on X, pointing followers to its own analysis of what drove the move and what it could mean for investors from here. The outlet did not disclose further specifics in the post itself.

For anyone holding growth names, the number is the story: a 6.4% wipeout is the kind of day that resets portfolios, reshuffles positioning and gets traders asking what comes next.