Nasdaq 100 slide continues as S+P 500 plays catch-up

The slide in tech stocks have continued this afternoon and that has seen the Nasdaq 100 slide to a low at 20,439, down over 445 points from the close last night. The fall comes as leading stocks such Apple, Meta, Amazon and Microsoft all come under the hammer due to hedge fund selling. The further falls in the Nasdaq has now pushed the S+P 500 below the 5,900 mark and seen it hit a session low so far at 5,874. It is still lagging the more than 2% fall at the lows in the Nasdaq, but it has certainly felt the fallout of that now. Meantime, the Dow Jones is holding up well, due to the less abundant tech component structure of that index. It is still lower by more than 225 points at the time of writing though. As noted here earlier, this looks to be also a degree of profit-taking on the Trump trade gains over the past couple of weeks. The S+P 500 is just now trading at 5,885