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. GOOGL 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 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. LULU | -9.03% |
| Warner Bros. Discovery, Inc. WBD | -5.73% |
| Arm Holdings plc ARM | -5.45% |
| Honeywell International Inc. HON | -5.26% |
| Advanced Micro Devices, Inc. AMD | -4.36% |
| Booking Holdings Inc. BKNG | -3.86% |
| Intuitive Surgical, Inc. ISRG | -3.79% |
| ON Semiconductor Corporation ON | -3.67% |
| DexCom, Inc. DXCM | -3.57% |
| QUALCOMM Incorporated QCOM | -3.15% |
| Alphabet Inc. GOOGL | -3.07% |
Thursday’s 5 Best Performers Among Nasdaq 100 Stocks
| Name | 1-Day % |
| Atlassian Corporation TEAM | 6.34% |
| Old Dominion Freight Line, Inc. ODFL | 5.74% |
| MongoDB, Inc. MDB | 4.83% |
| Gilead Sciences, Inc. GILD | 4.12% |
| O’Reilly Automotive, Inc. ORLY | 4.09% |
Read Next:
Photo via Shutterstock.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
