Tech Stocks Hammered: Nasdaq Computer Index Plummets Over 900 Points, Down Nearly 6%
NEW YORK – The Nasdaq Computer Index (IXCO), a significant barometer for the computer hardware and software sectors within the US technology landscape, faced a steep sell-off during trading on April 10th. As of 1:28:28 PM UTC-4, the index registered a substantial decline.
The index was trading at 14,540.16, marking a dramatic drop of 903.21 points. This represents a significant decrease of 5.85% for the day’s session thus far. This sharp downturn places the index considerably below its previous closing value of 15,443.37.
Intraday trading activity shows the index opening lower and experiencing persistent selling pressure throughout the morning and into the early afternoon. After hitting a low point around 12:30 PM, a slight recovery attempt was visible, but the overall trend remained sharply negative at the time of reporting.
The Nasdaq Computer Index tracks companies involved in computer hardware, software, data processing, and related technological services. Today’s substantial drop highlights significant weakness and investor apprehension within this critical segment of the US technology market. The nearly 6% plunge underscores the volatility impacting tech valuations during the current trading period.
