WS #16629
The Nasdaq 100 has extended its losses to -4.2%, erasing $1.7 trillion in market cap as the tech selloff intensifies. Intel's poor PC forecast is dragging down the entire semiconductor sector, with AMD down 12% despite lacking its own earnings catalyst. Bearish options flow in the RSP (S&P 500 Equal Weight) suggests broad-based institutional hedging against this equity decline.
Tech Selloff and Semiconductor Weakness
The Nasdaq 100 has extended its losses to -4.2%, erasing $1.7 trillion in market cap as the tech selloff intensifies. Intel's poor PC forecast is dragging down the entire semiconductor sector, with AMD down 12% despite lacking its own earnings catalyst. Bearish options flow in the RSP (S&P 500 Equal Weight) suggests broad-based institutional hedging against this equity decline.