Arm, AMD, and Micron lead declines as risk-off sentiment drives the index toward its worst daily loss in months.
The Nasdaq-100 fell 3.4% Friday, dragged down by sharp losses in semiconductor and chip-related stocks. Arm, AMD, and Micron led the decline as investors rotated out of high-growth tech amid broader market weakness.
The drop marks the index’s steepest single-day decline since earlier this year, reversing a period of relative stability. Prior sessions had seen modest gains, with the Nasdaq-100 trading near record highs before Friday’s selloff.
No immediate market reaction data was provided, but the move reflects heightened caution among investors amid shifting macroeconomic expectations.