Tech leads Nasdaq’s stock slips

In the trading session on Tuesday, and Wednesday, a selling pressure in tech stocks intensified, and prompted investors to reassess high-valuation names. On February 3, 2026, the Nasdaq Composite Index was down by more than 330 points, or more than 1.4 per cent. The same trend repeated on February 4, and the index was down by 1.5 per cent. In the past five trading sessions, the tech index is down by more than 900 points, or nearly four per cent. Analysts attribute the tech-led weakness to a combination of valuation concerns,