{"id":69035,"date":"2026-01-29T16:51:45","date_gmt":"2026-01-29T19:51:45","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/887690754"},"modified":"2026-01-29T16:51:45","modified_gmt":"2026-01-29T19:51:45","slug":"nasdaq-wipes-out-nearly-760-billion-as-iran-tensions-and-tech-sell-off-rattle-markets","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/01\/29\/nasdaq-wipes-out-nearly-760-billion-as-iran-tensions-and-tech-sell-off-rattle-markets\/","title":{"rendered":"Nasdaq wipes out nearly $760 billion as Iran tensions and tech sell-off rattle markets"},"content":{"rendered":"

The Nasdaq Composite<\/strong> witnessed a sharp sell-off on Thursday, plunging more than 2.5%<\/strong> in early trade and erasing nearly $760 billion in market value<\/strong>, as investor sentiment deteriorated rapidly amid escalating geopolitical tensions involving Iran<\/strong> and heavy selling in large-cap technology stocks.<\/p>\n

The tech-heavy index turned sharply lower after a mostly positive start to the session, with risk appetite fading as global tensions intensified. Iran warned it would respond \u201clike never before\u201d to any potential attack, while the European Union confirmed its decision to label Iran\u2019s Islamic Revolutionary Guard Corps (IRGC)<\/strong> a terrorist organisation. Adding to concerns, Iran announced plans to conduct naval drills in the Strait of Hormuz<\/strong>, raising fears of broader regional instability.<\/p>\n

Technology stocks led the decline, with Microsoft plunging over 11%<\/strong> after reporting a slowdown in cloud growth, dragging the broader Nasdaq lower. The sharp fall in one of the index\u2019s largest constituents triggered widespread selling across the tech sector, amplifying losses.<\/p>\n

The sell-off was also driven by profit booking on huge volumes<\/strong>, following a strong rally in US equities in recent weeks. As prices began to slide, stop-loss triggers and forced liquidation accelerated the decline, resulting in a swift erosion of market value.<\/p>\n

The Nasdaq\u2019s sharp fall came alongside steep losses across other asset classes, including precious metals and cryptocurrencies, highlighting a broad risk-off move<\/strong> across global markets.<\/p>\n

With volatility elevated and geopolitical uncertainty rising, investors remain cautious, closely watching developments in the Middle East and further cues from the technology sector in the sessions ahead.<\/p>\n

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… in large-cap technology<\/span> stocks. The tech<\/span>-heavy index turned … of broader regional instability. Technology<\/span> stocks led the decline, … triggered widespread selling across the tech<\/span> sector, amplifying losses. … further cues from the technology<\/span> sector in the sessions …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-69035","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/69035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=69035"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/69035\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=69035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=69035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=69035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}