NASDAQ 100 extends losses with 2.1% drop as inflation fears rattle tech stocks

The NASDAQ 100 dropped 2.1% as investors reacted to hotter-than-expected US inflation data, which has delayed expectations for Federal Reserve interest rate cuts. Because high-growth tech stocks rely on future earnings, elevated interest rates diminish their present value, leading to significant volatility. While most of the index declined, Take-Two Interactive notably saw gains. The downturn was exacerbated by disappointing earnings guidance from major tech firms, signaling potential fatigue in the AI-driven market rally. As a macro benchmark, this tech selloff also impacts the crypto market, where digital assets often move in correlation with high-growth equities due to institutional rebalancing and shared sensitivity to interest rate policy.

(Source：Crypto Briefing)