Nasdaq 100 Drops Nearly 3% in a Hurry, Erasing $1.1T From the Day's High
Selling pressure on the Nasdaq 100 is accelerating, with the index down nearly 3% since 10:30 AM ET, according to @KobeissiLetter. That works out to about $1.1 trillion in market cap gone from today's high. The speed of the drop, not just the size, is what has traders' attention.
The selling won't quit. The Nasdaq 100 has shed nearly 3% since 10:30 AM ET, and the pace is picking up, according to a breaking alert from @KobeissiLetter on X.
That slide has erased roughly $1.1 trillion in market cap from the index's high for the day, the account said. In other words, this is not a slow bleed — it's a fast one, stacked into a single session window.
The math is stark: the drop is measured from the 10:30 AM ET mark, meaning the damage piled up in a compressed stretch rather than grinding lower over the full trading day.
Traders watching the tape have the number that matters most now — whether the selling decelerates or snowballs further into the close. For anyone holding tech-heavy exposure, the session just got a lot more uncomfortable.
Paparazzi will update this story as fresh numbers come in.
TopicsNasdaq 100 · Kobeissi Letter · NDX
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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