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Nasdaq plunges 2.9%, sparking fears of a tech bubble burst like in 2000

Market News
31 Oct 2026, 02:14 WIB
Market Watch
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Bearish
Nasdaq plunges 2.9%, sparking fears of a tech bubble burst like in 2000

The Nasdaq Composite Index dropped 748 points (2.9%) in a sharp market sell-off, raising concerns about a potential tech bubble bursting similar to the dot-com crash in 2000. This significant decline has drawn comparisons to past market tops, suggesting investors should be cautious. The situation remains uncertain, but the sharp fall signals possible volatility ahead for tech stocks.

The Nasdaq's recent sharp decline provides context for this market snapshot from Pluang as of Oct 31, 2026 04:12 WIB. Among 150 priced Technology-sector US stocks tradable on Pluang, 29 rose and 121 fell today. Notable movers include BTDR (Bitdeer Technologies Group) down 11.74% at USD 6.69 with a typical hold time of 17 days and 100% buy order activity, DDOG (Datadog Inc) down 11.48% at USD 235.33 with a 77-day hold time and 100% buy order activity, and ASX (ASE Technology Holding Co Ltd) down 11.18% at USD 39.57 with a 49-day hold time and 82% sell order activity.

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