The Nasdaq 100 index experienced another decline on Thursday, closing at its lowest level since early June after a volatile session. The previous day, the Nasdaq 100 dropped 3.7%, its worst session since October 2022.
Despite a higher-than-expected second-quarter GDP growth rate and decreasing price pressures, which briefly boosted stocks and risky assets and saw the Nasdaq 100 rising 0.9% during midday trading in New York, afternoon trading brought a sentiment shift as traders slightly reduced their Fed rate cut bets.
Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) tumbled as OpenAI introduced new search features to a select group of users.
Over the last two sessions, the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has fallen by 4.7%, marking its worst two-day drop since September 2022.
Chart: Nasdaq 100 Faces Worst 2-Day Dip Since September 2022
Thursday’s 10 Worst Performers Among Nasdaq 100 Stocks
Name | 1-Day % |
Lululemon Athletica Inc. (NASDAQ:LULU) | -9.03% |
Warner Bros. Discovery, Inc. (NASDAQ:WBD) | -5.73% |
Arm Holdings plc (NASDAQ:ARM) | -5.45% |
Honeywell International Inc. (NASDAQ:HON) | -5.26% |
Advanced Micro Devices, Inc. (NASDAQ:AMD) | -4.36% |
Booking Holdings Inc. (NASDAQ:BKNG) | -3.86% |
Intuitive Surgical, Inc. (NASDAQ:ISRG) | -3.79% |
ON Semiconductor Corporation (NASDAQ:ON) | -3.67% |
DexCom, Inc. (NASDAQ:DXCM) | -3.57% |
QUALCOMM Incorporated (NASDAQ:QCOM) | -3.15% |
Alphabet Inc. (NASDAQ:GOOGL) | -3.07% |
Thursday’s 5 Best Performers Among Nasdaq 100 Stocks
Name | 1-Day % |
Atlassian Corporation (NASDAQ:TEAM) | 6.34% |
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) | 5.74% |
MongoDB, Inc. (NASDAQ:MDB) | 4.83% |
Gilead Sciences, Inc. (NASDAQ:GILD) | 4.12% |
O’Reilly Automotive, Inc. (NASDAQ:ORLY) | 4.09% |
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