The NASDAQ index is down 2%, signaling renewed pressure on growth and technology stocks.

Given the index’s heavy weighting toward:

• AI leaders
• high-multiple tech stocks
• semiconductor names

…a 2% decline suggests either:

• valuation compression
• rising yields impact
• profit-taking after strong rallies
• or broader risk-off sentiment

If accompanied by: 📈 rising Treasury yields 💵 USD strength 📉 weakness in crypto and commodities

— this may indicate cross-asset de-risking rather than isolated tech weakness.

Traders will monitor:

• key support levels in QQQ
• semiconductor sector performance
• volatility index (VIX) behavior

A sustained breakdown could accelerate positioning adjustments across global risk markets.