Nasdaq 100 Falls 1.8% in 40 Minutes, Nears Correction Territory

The Nasdaq 100 experienced a sharp sell-off on Tuesday, erasing earlier gains to fall 1.8% in just 40 minutes. The move brought the index to its lowest level of the session.

This rapid decline places the Nasdaq 100 approximately 3% below a correction threshold, defined as a drop of 10% from a recent peak. The sell-off was highlighted by market commentator The Kobeissi Letter.

Traders are watching key support levels as volatility spikes. The index's performance reflects broader market uncertainty amid shifting macroeconomic conditions.