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● LIVE Updated 19h ago · 12 sources tracked

Nasdaq 100 Enters Correction as Megacap Results Amplify AI Fears

The Nasdaq 100 Index entered a correction on Monday, closing below 28,000 points after falling 10.4% from its October 6 high. Investors are selling off Big Tech and artificial intelligence stocks, including Nvidia and Intel, due to mounting concerns over AI spending. While oil prices dropped approximately 6%, providing some relief to the broader market, a late-session reversal wiped out early gains for the tech-heavy index. This marks the third time in 2026 that the Nasdaq 100 has entered correction territory.

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  • ✓ The Nasdaq 100 closed below 28,000 points on Monday.
  • ✓ The Nasdaq 100 fell 10.4% from its October 6 high.
  • ✓ The Nasdaq 100 has entered correction territory three times in 2026.
🛡️ Source Corroboration: 12 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

The Nasdaq 100 officially entered a correction after a 10.4% drop from its October 6 record high.

Live updates

  1. Nasdaq 100 Enters Correction Amid AI Spending Fears

    The Nasdaq 100 Index entered a correction on Monday, closing below 28,000 points after falling 10.4% from its October 6 high. Investors are selling off Big Tech and artificial intelligence stocks, including Nvidia and Intel, due to mounting concerns over AI spending. While oil prices dropped approximately 6%, providing some relief to the broader market, a late-session reversal wiped out early gains for the tech-heavy index. This marks the third time in 2026 that the Nasdaq 100 has entered correction territory.

    Why it matters

    A market correction occurs when a benchmark index drops 10% or more from its recent peak. This decline reflects growing pessimism regarding the return on investment for massive AI infrastructure bets. Market volatility is further amplified by upcoming midterm elections and jobs data.

    What is confirmed

    • The Nasdaq 100 closed below 28,000 points on Monday.
    • The Nasdaq 100 fell 10.4% from its October 6 high.
    • Oil prices fell about 6%.
    • The Nasdaq 100 has entered correction territory three times in 2026.

    Still unconfirmed

    • The tech selloff has wiped out trillions in market value.
    • The Nasdaq is in correction as Wall Street weighs the impact of the Democrats.

    What to watch next

    • Upcoming midterm election results
    • Next round of megacap earnings reports
    • New jobs data releases
    Sources used for this update (16)
    1. CNBC — Stock futures tick higher ahead of busy week of earnings, jobs data and the midterm elections: Live updates
    2. AP News — Asian shares are mixed and US futures advance, while oil prices retreat
    3. Yahoo Finance — Why investors are dumping tech stocks, in one image
    4. Reuters — SNAPSHOT US stock index futures jump as oil falls about 6%
    5. CNBC — Stocks rise as oil prices slide before midterms: Live updates
    6. WSJ — U.S. Stocks Mixed as Percolating AI Fears Offset Oil Relief
    7. www.livemint.com — Nasdaq 100 Enters Correction as Megacap Results ... - Mint
    8. www.businessinsider.com — Nasdaq Sinks 10% From Recent High, Enters Correction: Market ...
    9. finance.yahoo.com — The Nasdaq 100 Is Now Officially in a Correction - Yahoo Finance
    10. coinpaper.com — Nasdaq 100 Correction: AI Stock Crash Wipes Out Trillions
    11. Bloomberg.com — Nasdaq 100 Enters Correction as Megacap Results Amplify AI Fears
    12. Reuters — Global markets were already fragile. Big AI bets could break them
    confidence 95%
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