Nasdaq Composite Falls More Than 10% From October 6 Record Close

A 10% drawdown on the tech-heavy benchmark matters because it marks a formal shift in market regime, not just a bad week — correction territory changes how allocators, risk models and momentum strategies treat the index. The read-across sits with technology and growth-linked exposure, including crypto and RWA tokens that have increasingly traded in step with Nasdaq risk appetite. What is worth watching is whether the selling stays confined to equities or starts showing up in digital-asset flows; whether the drawdown deepens from here, and whether the October 6 peak holds as the cycle high, are the open questions.