Tech-Led Rally Stalls as Nasdaq 100 Retreats From Record High

The Nasdaq 100 experienced a significant reversal during yesterday’s trading session, surrendering early gains to close in negative territory. After hitting a fresh all-time peak, the index concluded the day down 107.24 points, or 0.43%, settling at 24,785.52. The session’s downturn was primarily driven by profit-taking activity that emerged as the trading day progressed.

Trading commenced on a strong note with the index opening at 24,931.42 and rapidly ascending to establish a new intraday record of 24,958.26. This upward momentum proved short-lived, however, as selling pressure among major technology components dragged the benchmark down to a session low of 24,713.58.

Market activity metrics showed approximately 339.40 million shares changing hands, while the VIX volatility index registered a modest increase—indicating rising investor apprehension.

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