Nasdaq index tumbles sharply due to intensifying Iran war
2026-09-02 04:50:19
According to CoinMeta, the NASDAQ index tumbled significantly due to the intensification of the Iran war, with major U.S. stock indices closing lower. The NASDAQ and the small-cap Russell 2000 performed the worst. Tech stocks were among the main sectors that declined, with cybersecurity stocks under pressure. CrowdStrike fell by 6.90%, Datadog by 5.57%, Fortinet by 5.31%, and Palo Alto Networks by 5.25%. Chip design software companies Cadence Design and Synopsys fell by 7.60% and 5.63%, respectively. Crypto-related stocks Strategy and Coinbase both declined by about 6%. Although Dell rebounded after closing due to its strong financial report and optimistic prospects (with AI servers being a major contributing factor), its stock price still fell by 6.80% compared to earlier levels. The NASDAQ 100 index fell by 1.29%, and the small-cap Russell 2000 fell by 1.23%. Rising oil prices due to military tensions in the Middle East have increased the likelihood of a rate hike in September to 68%.
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Source:Internet
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