Macro Finance
Nasdaq 100 Falls 2.5% as Earnings Deepen Tech Rout: Markets Wrap
Bloomberg Markets·October 29, 2026·1 min read
The Nasdaq 100 fell 2.5% as a burst of heavy selling pummeled tech stocks and crypto, rattling markets around the world and reinforcing a bid for safety. The decline deepened a global tech rout driven by earnings disappointments and concerns over AI costs, with investors fleeing risk assets.
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