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Nasdaq 100 loses $793B before close
The Nasdaq 100 index erased $793 billion from its market value before closing, declining to 29,850 points, reflecting sharp drops in the listed stocks. There was a mixed performance among some companies, such as Apple, which is preparing to launch an artificial intelligence platform in China, and Dell Technologies, which experienced a decline of over 11% after Bank of America's recommendation was downgraded. Meanwhile, Bank of America was fined $1.21 billion for failing to detect money laundering, leading to a 4.8% drop and its lowest level since May 2026.
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