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Nasdaq 100 lost $1.2 trillion: market decline

Nasdaq 100 lost $1.2 trillion in market capitalization

Companies in the Nasdaq 100 index lost nearly $1.2 trillion in market capitalization today. The index plummeted by 2.9%, marking its worst day since June 5.

The main decline was concentrated in the technology sector

Its share in the Nasdaq 100 index is about 58%. This led to a significant drop in the stock prices of the largest tech companies.

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