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Why the Nasdaq-100 Fell Nearly 2% on Tuesday

TheMotleyFool

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Why the Nasdaq-100 Fell Nearly 2% on TuesdayPhoto, wide shot, wide-angle lens, soft focus, Quarry, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-YQuR80w6IvxjemEoWYDXbEZo.png?st=2023-10-15T10%3A03%3A37Z&se=2023-10-15T12%3A03%3A37Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-10-14T14%3A03%3A01Z&ske=2023-10-15T14%3A03%3A01Z&sks=b&skv=2021-08-06&sig=/3q45HS%2B7KQiNIRh0W63diwmt7u%2BeQQMkMTkhvmYMtE%3D

The market took a downturn on Tuesday, May 12. Not an overwhelming one, mind you, but a notable departure from recent trends. And one index took a much harder hit than the others.

All the leading market indexes dipped right away. As of this writing at 12:25 p.m. ET, the S 500 (SNPINDEX: ^GSPC) was down by 0.4% and the Dow Jones Industrial Average (DJINDICES: ^DJI) had dropped 0.9% lower. On a day like that, it's no surprise that the volatile Nasdaq-100 index led the way with a 1.9% plunge.