Nasdaq Swings on Inflation Fears and Tech Earnings Reports

📰 Key Update of the Day

Nasdaq tumbled after mixed tech earnings rekindled inflation fears, causing sharp investor reallocation from growth stocks to safer assets.

🔍 Quick Summary

Recent earnings reports from major tech firms showed weaker-than-expected guidance amid rising inflation concerns. This led to heightened market volatility with the Nasdaq experiencing significant drops as investors reassessed growth prospects. Inflation worries pressured valuations, especially for high-multiple tech stocks, while bond yields edged higher. The selling reflected a shift toward defensive positioning ahead of upcoming economic data and Fed signals.

📈 Impacted Stock / ETF

The Invesco QQQ Trust (QQQ) dropped about 2.5%, reflecting broader tech sector weakness and risk-off trading sentiment.

🧭 What This Means

Investors are cautious on tech amid inflation pressures. Risk appetite is waning, with rotation toward value and safer assets likely to continue. Near-term volatility in growth stocks should persist as markets digest earnings and inflation updates.