Nasdaq 100 suffers worst one day slide of the year

Yesterday there was no rebound for the US stock markets and the losses in the tech sector and the Nasdaq 100 extended all the way into the close. The Nasdaq 100 ended the day 721 points lower and that was its worst one day fall of the year and by some margin too. The low on the session was set at 19,005 and the close was not much above that, at 19,032. Pretty much all the major tech suspects were involved in the headline losses, but it was the 12.33% slide in Tesla (TSLA) that led the way. The Nasdaq 100 futures did bounce after the close, but in real terms not by much at all and the Asian stock markets have taken a hit today on the back of what transpired in the US. The news that the Chinese central Bank cut rates today smacks of a degree of delayed panic and besides it has not helped much anyway- Chinese stock markets are lower and the Nikkei  225is down by over 1100 points just now. That has seen another surge in the Yen, but more on that in the next update. The Nasdaq 100 is currently priced to reopen later on at around 19,095