[Nasdaq 100 Index Falls into Correction Territory, Down 11% from Peak] On March 27, the Nasdaq 100 Index entered correction territory as the stock prices of tech giants continued to decline. The benchmark index fell 0.9%, down 11% from its peak in October last year. This marks the first technical correction since April 2025, when U.S. President Trump’s tariff policies triggered a stock market plunge. The Iran war has impacted investor confidence, and tech giants face scrutiny over their massive investments in artificial intelligence and the outlook for returns.