The Nasdaq 100 Is Near a Correction. Why It Could Keep Falling.

The Nasdaq 100 Is Near a Correction. Why It Could Keep Falling.
Jacob Sonenshine
·2 min read

Tech stocks are near a correction—and more pain could be on the way, the index’s chart shows. The Nasdaq 100, an index of large-capitalization technology stocks, has fallen about 9% since its all-time high on Feb. 12. Higher interest rates erode the value of future cash flows over time, and many companies in the Nasdaq 100 expect a large bulk of their profits to come farther out into the future than value companies.