The Nasdaq 100 experienced a significant downturn today, falling 2% during trading hours. This decline reflects broader market concerns, particularly surrounding rising interest rates and their impact on technology stocks, which heavily influence the index. Several factors contributed to the Nasdaq 100's poor performance. Investor sentiment has been dampened by the Federal Reserve's hawkish stance on monetary policy. Anticipation of further rate hikes is putting pressure on growth stocks, as higher borrowing costs can hinder future earnings potential. While specific reasons can vary day to day, global economic uncertainty remains a factor. Traders are monitoring economic data closely, seeking clues about the future path of inflation and economic growth. This volatility can amplify market swings, leading to steeper declines like the one observed today. Investors are advised to maintain a diversified portfolio and consider their risk tolerance during these turbulent times. ```