Nasdaq 100 enters correction as tech stocks fall amid geopolitical tensions and rising yields.

The Nasdaq 100 officially entered correction territory, dropping over 10% from its January highs due to escalating geopolitical tensions involving Iran and rising U.S. 30-year Treasury yields nearing 5%. Energy and gold sectors gained as crude oil prices surged and investors sought safe havens amid inflation concerns and market volatility. The S&P 500 and Dow Jones also declined, with tech and consumer discretionary sectors hit hardest. Market expectations shifted toward a possible Federal Reserve rate hike by December, reflecting growing stagflation worries.