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

The technology-heavy Nasdaq 100 index experienced a notable pullback during Thursday’s session, interrupting its recent record-breaking performance. This downturn followed the index achieving an unprecedented peak just one day earlier. Market analysts pointed to profit-taking activity within the high-tech sector and mounting apprehensions about a potential artificial intelligence bubble as primary factors behind the decline.

Additional pressure came from climbing bond yields and persistent uncertainty surrounding the ongoing U.S. government shutdown, creating a cautious environment for investors.

Trading commenced with positive momentum carried over from Wednesday’s session, when the Nasdaq 100 had established its fresh all-time high at 25,137 points. The broader Nasdaq Composite Index even managed to reach a new intraday record of 23,062.62 points during early trading before market... Read more...