The Nasdaq 100 Index fell as much as 4.5% on Friday, putting it at risk of entering technical correction territory.
This would mark the third time this year that the index has posted a decline of at least 10%.
The tech-heavy Nasdaq 100 dropped below 28,102.2 points, a level that sits 10% below its most recent high; falling below that threshold would meet the definition of a technical correction.
The selloff was mainly driven by investors dumping technology stocks whose third-quarter results disappointed.
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