{"id":14320,"date":"2024-04-20T08:39:28","date_gmt":"2024-04-20T03:09:28","guid":{"rendered":"https:\/\/bigbreakingwire.in\/stock-market-recap-nasdaq-100s-worst-day-since-2023-netflix-and-nvidia-plunge\/"},"modified":"2024-04-20T08:39:31","modified_gmt":"2024-04-20T03:09:31","slug":"stock-market-recap-nasdaq-100s-worst-day-since-2023-netflix-and-nvidia-plunge","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/stock-market-recap-nasdaq-100s-worst-day-since-2023-netflix-and-nvidia-plunge\/","title":{"rendered":"Stock Market Recap: Nasdaq 100’s Worst Day Since 2023, Netflix and Nvidia Plunge"},"content":{"rendered":"
<\/div>\n

The Nasdaq 100, represented by $QQQ, experienced a significant drop of -2.1%, marking its most substantial single-day decline since October 2023.

Both the S&P 500 $SPY and the Nasdaq 100 $QQQ are currently undergoing their longest losing streaks in over a year, with six consecutive days of decline.

The four major indexes, including $SPY, $QQQ, $DJI, and $IWM, closed the week in the red for the third consecutive time, a pattern not seen since September 2023.<\/p>\n\n\n\n

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From Unusual Whales<\/figcaption><\/figure>\n\n\n\n

The final weekly heatmap of the S&P 500 reflects the overall performance of its constituents.

Netflix $NFLX witnessed its worst day in two years, plummeting by 9% following its Q1 earnings report. Additionally, the company announced its decision to cease reporting quarterly membership numbers and ARM starting from Q1’25 earnings.

Nvidia $NVDA experienced its most significant single-day decline since March 2020, with a staggering -10% drop. This decline resulted in the near erasure of $200 billion in market capitalization within a single trading session.<\/p>\n\n\n\n

Super Micro Computer $SMCI experienced a 23% decline today. Its chart illustrates a sixfold surge from January to March, soaring from $200 to $1200. On March 18, it was added to the S&P 500 index. Despite peaking on March 13, $SMCI has since plummeted by 40%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nasdaq 100, represented by $QQQ, experienced a significant drop of -2.1%, marking its most substantial single-day decline since October 2023. Both the S&P 500…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,616,619,1,39],"tags":[3521,3522,3524,186,1080,3527,2016,1365,3520,3518,2535,3526,3517,515,1595,180,3519,1470,3523,3525],"class_list":["post-14320","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-stock-in-news","category-stocks-in-news","category-tech","category-world","tag-dji","tag-iwm","tag-nflx","tag-qqq","tag-spy","tag-arm","tag-decline","tag-earnings-report","tag-indexes","tag-losing-streaks","tag-market-cap","tag-membership-numbers","tag-nasdaq-100","tag-netflix","tag-nvda","tag-nvidia","tag-red","tag-sp-500","tag-weekly-heatmap","tag-worst-day","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3IY","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=14320"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/14320\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=14320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=14320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=14320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}