Nasdaq 100 Faces Cascade of Declines – Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) Nasdaq 100 Faces Cascade of Declines

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By Ronald Tech

The Nasdaq 100 index encountered another descent on Thursday, sealing its destiny at the lowest point since early June post a day of tremendous volatility. Only a day before, Nasdaq 100 witnessed a 3.7% plunge, the most severe session downfall since October 2022.

Despite a second-quarter GDP growth rate that surpassed expectations and a decline in price pressures, momentarily uplifting stocks and risky assets – leading Nasdaq 100 to a 0.9% rise during afternoon trading in New York, the sentiment took a downturn in the afternoon as traders toned down their Fed rate cut expectations slightly.

Alphabet Inc. with GOOGL and GOOG faced a decline as OpenAI rolled out new search features to a select cohort of users.

Over the recent two sessions, Nasdaq 100, as represented by the Invesco QQQ Trust with QQQ, descended by 4.7%, marking its most abysmal two-day tumble since September 2022.

Nasdaq 100 Reels Under the Weight of Its Worst 2-Day Decline Since September 2022


Nasdaq 100 Paints a Dark Picture: Thursday’s Bottom 10 Stocks

Name 1-Day %
Lululemon Athletica Inc. LULU -9.03%
Warner Bros. Discovery, Inc. WBD -5.73%
Arm Holdings plc ARM -5.45%
Honeywell International Inc. HON -5.26%
Advanced Micro Devices, Inc. AMD -4.36%
Booking Holdings Inc. BKNG -3.86%
Intuitive Surgical, Inc. ISRG -3.79%
ON Semiconductor Corporation ON -3.67%
DexCom, Inc. DXCM -3.57%
QUALCOMM Incorporated QCOM -3.15%
Alphabet Inc. GOOGL -3.07%

Seeking Light Amidst Darkness: Thursday’s Top 5 Nasdaq 100 Performers

Name 1-Day %
Atlassian Corporation TEAM 6.34%
Old Dominion Freight Line, Inc. ODFL 5.74%
MongoDB, Inc. MDB 4.83%
Gilead Sciences, Inc. GILD 4.12%
O’Reilly Automotive, Inc. ORLY 4.09%

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