Nasdaq 100 Approaches Correction Territory with 10% Decline

The Nasdaq 100 Index has fallen 10% from its October peak, signaling an impending correction phase. According to PANews, a market correction is typically defined as a decline of more than 10% but less than 20% from a recent high. This phase is considered a brief pause within a bull market rather than a shift to a bear market. The current downturn reflects growing caution among investors, who are concerned about factors such as high inflation, elevated interest rates, geopolitical tensions, and disappointing corporate earnings. These worries have led to the sell-off of previously high-performing growth technology stocks.