NASDAQ-100 Total Return Index (XNDX) Plummets Over 5%, Sheds 1,200+ Points in Afternoon Trading
NEW YORK, NY – The NASDAQ-100 Total Return Index (INDEXNASDAQ: XNDX), a key barometer of the performance of the largest non-financial companies listed on the Nasdaq stock market including reinvested dividends, experienced a dramatic sell-off on Wednesday, April 10th. The index saw substantial losses mount through the afternoon session.
As of 1:27:10 PM UTC-4 (Eastern Time), the NASDAQ-100 Total Return Index was recorded at 21,901.69. This marks a significant decrease of 1,269.28 points, representing a steep decline of 5.48% for the day, according to market data.
This sharp downturn places the index considerably lower than its previous closing value of 23,170.97. The intraday chart clearly depicts a significant downward trend throughout the trading day, hitting a low point around 12:30 PM ET before attempting a tentative recovery.
The substantial drop in the XNDX highlights significant selling pressure across major tech and growth stocks within the index during Wednesday’s US market activity.
