Gate News reports that on March 27, the Nasdaq 100 Index (the U.S. tech stock benchmark) entered a technical correction zone (defined as a drop of over 10% from its peak), falling by 0.9% on that day and accumulating an 11% decline from its peak in October of last year. This marks the first technical correction for the index since April 2025, when U.S. President Trump implemented tariff policies that led to a stock market crash.
The decline in the Nasdaq 100 Index is primarily influenced by the continued drop in the stock prices of tech giants, which have been the main drivers of the stock market bull run over the past three years. Currently, the war situation in Iran has dampened investor confidence, while skepticism about the massive investments by tech giants in artificial intelligence computing and their return prospects is growing, further exacerbating the selling pressure.
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