🇺🇸 According to historical Nasdaq data, on Friday, October 16, the Nasdaq-100 closed at 29,187.55, down 6.52% from its record closing high of 31,224.69, set on October 6. For the week, it fell 5.49% from its October 9 close of 30,883.15.
The Nasdaq-100 did not breach the 10% correction threshold of 28,102.22 points, but positions focused on semiconductors intensified selling pressure. The Invesco SMH semiconductor ETF fell 14.66%, from $632.50 at the close on October 6 to $539.79, while 29 of the Nasdaq-100’s 101 constituents lost more than 10% from their October 6 closing prices. However, 47 of the 101 stocks rose over the week, including large-cap companies such as Apple, Walmart, and Costco, limiting the index’s decline.
$AAPL
$WMT
$SMH
The Nasdaq-100 did not breach the 10% correction threshold of 28,102.22 points, but positions focused on semiconductors intensified selling pressure. The Invesco SMH semiconductor ETF fell 14.66%, from $632.50 at the close on October 6 to $539.79, while 29 of the Nasdaq-100’s 101 constituents lost more than 10% from their October 6 closing prices. However, 47 of the 101 stocks rose over the week, including large-cap companies such as Apple, Walmart, and Costco, limiting the index’s decline.
$AAPL
$WMT
$SMH