NASDAQ 100 enters correction, falls 10% from October high

The Nasdaq 100 index has entered a correction, defined as a decline of 10% or more from its October high. The move reflects a broad de-rating of large-cap growth and megacap technology names, which carry heavy weightings in the index and are sensitive to changes in the discount rate applied to long-duration earnings. When real yields rise or expectations for policy easing are pushed back, the present value of distant cash flows falls disproportionately for high-multiple growth stocks, transmitting losses quickly through NDX relative to broader indices. Exposure is concentrated in semiconductor, software, and mega-cap internet constituents, where valuations depend most heavily on sustained forward earnings growth and AI-related capital spending expectations. Traders should watch the next Consumer Price Index release and Federal Reserve communications for signals on the rate path, since a hotter inflation print would likely extend pressure on duration-sensitive equities.

The Nasdaq-100 (NDX) is the US large-cap tech benchmark. NDX is more sensitive to rate decisions than SPX because of longer-duration cash flows, and heavily concentrated in Tech/Comms names — mega-cap earnings season dominates price action.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.