Nasdaq Composite Plunges Over 900 Points, Dives 5% in Heavy Midday Sell-Off
NEW YORK – The Nasdaq Composite index experienced a dramatic downturn in trading on Wednesday, April 10th, suffering substantial losses as market sentiment soured significantly.
As of 12:51 PM EDT, the tech-heavy Nasdaq Composite stood at 16,217.93. This marked a steep decline of 5.30%, translating to a loss of 907.05 points for the session. The index was trading sharply lower than its previous close of 17,124.97.
The intraday chart painted a grim picture, showing a consistent sell-off throughout the morning that accelerated around midday. The index briefly dipped below the 16,000 mark shortly after 12:30 PM EDT before staging a minor rebound, though remaining deeply in negative territory.
This significant drop reflects widespread selling pressure across the technology sector and broader market concerns weighing heavily on investors. The more than 900-point slide underscores the severity of the downturn during Wednesday’s trading session. Market participants are closely watching for potential catalysts or signs of stabilization as the afternoon progresses.
