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The Economic Times
The Economic Times

Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides

Nasdaq SpaceX United States crude oil Inflation Micron Middle East Oil Semiconductor the Middle East

The Nasdaq 100 index was on pace to erase more than $1 trillion in market value on Tuesday as technology heavyweights and chip stocks tumbled, while Elon Musk's SpaceX dropped below $2 trillion in market cap for the first time since its U.S. debut.

SpaceX, which is expected to join the Nasdaq 100, has lost more than $600 billion in market value in the past three ‌sessions. It last ⁠had ⁠a market valuation of $1.95 trillion, if the day's losses hold.

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