Nasdaq 100 Trims Loss to 1% From 1.7%

The intraday rebound matters less than the fact that a 1.7% drop was reached at all: dip-buying into weakness is doing the stabilizing work here, not any change in the underlying drivers. For crypto and RWA desks, the read-through is sentiment, not fundamentals — tech beta remains the transmission channel, and no asset-specific catalyst is present in this move. Whether the recovery holds into the close, or whether the earlier low gets retested, is the open question.