Nasdaq 100 is 6.52% below its high, and a 10% correction…
By Tobi Opeyemi Amure
AI summary of the source article
The Nasdaq-100 closed Friday at 29,187.55, remaining 6.52% below its 6 October peak and short of a 10% correction threshold. While the broader index avoided a correction, semiconductor ETFs experienced drops exceeding 10%.
Key facts
- The Nasdaq-100 closed at 29,187.55 on Friday 16 October 2026, down 6.52% from its 6 October closing high of 31,224.69.
- A 10% correction in the Nasdaq-100 requires reaching 28,102.22, which is 3.72% below Friday's closing level.
- Semiconductor ETF SMH fell 10.53% on the week to $539.79, sitting 14.66% below its 6 October close.
Source excerpt · FinanceFeeds
A 10% correction in the Nasdaq 100 has not printed. Friday's official close was 29,187.55, which is 6.52% under the 6 October closing high of 31,224.69, and the session low of 29,073.29 was still 6.89% under that high. A correction means 10% from the peak. Ten percent under 31,224.69 is 28,102.22, another 1,085.33 points, or 3.72%, from Friday's close. The missing fact is that this was not one tap…