Tech stock meltdown could get much worse if history is any guide

FinanceInternationalYahoo FinanceOct 31, 2026, 11:12 AMAI summary

The S&P 500 tech sector has seen six pullbacks of 10% or more since 2023, including the current one, and four of those plunges ranged from 14% to 27%, according to Truist's chief markets strategist. On Friday, the Nasdaq 100 fell 3.4%, the S&P 500 dropped 1.8% and its tech sector tumbled more than 4.2%, with more than $1 trillion in market value wiped out on concerns about the cash flow of Big Tech companies investing in AI.

In 40 seconds

The S&P 500 tech sector has logged six pullbacks of 10% or more since 2023, including the current one
Four of those six declines ranged from 14% to 27%, according to Truist
More than $1 trillion in market value was wiped out Friday and the Nasdaq 100 fell 3.4%

Read the full story at Yahoo Finance

IASummary generated by artificial intelligence from a story by Yahoo Finance. It may contain errors: the original source prevails.

tecnológicas
Wall Street
inteligencia artificial
S&P 500
Nasdaq

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Tech stock meltdown could get much worse if history is any guide

In 40 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day