NASDAQ Composite Total Return Index Craters, Sheds Over 1,175 Points in Afternoon Plunge
NEW YORK – The NASDAQ Composite Total Return index (XCMP) suffered a severe blow in trading on Wednesday, April 10th, plummeting sharply and erasing significant value as broad market selling intensified.
As of 1:26 PM EDT, the NASDAQ Composite Total Return index stood at 19,786.21. This represented a staggering decline of 5.61%, equating to a loss of 1,175.68 points for the session. The index was trading substantially below its previous close of 20,961.89.
The intraday chart depicted a relentless downward trajectory. After opening lower, the index saw sustained selling pressure throughout the morning, accelerating into the afternoon. It touched session lows around 12:30 PM before attempting a minor recovery, but remained heavily depressed well into the afternoon.
This index, which tracks the total return (including dividends) of the components of the Nasdaq Composite, highlighted the depth of the market downturn. The loss of over 1,100 points signifies considerable negative pressure on the tech-heavy Nasdaq constituents and reflects growing investor anxieties impacting overall market performance. Market participants are closely scrutinizing the factors driving this significant intraday sell-off.
