Every holding closed red as the Nasdaq fell 2.1% (S&P 500 −1.1%) (Yahoo Finance); the high-multiple names took the worst of it.
Movers with a reason#
- NET ($296.30, −6.33%) | sector sell-off hitting high-valuation software; no new company disclosure today (the Deno deal was announced Oct 9) | Hold (medium): down ~15% in three sessions and ~20% off its $370 high; valuation risk into Nov 5 earnings
- META ($709.33, −3.72%) | broad tech sell-off, no company-specific news | Hold (medium): Q3 report Oct 21 after the close is the next real catalyst
Quiet: MSFT −1.9%, AMZN −1.9%, RDDT −2.0%.
Earnings: META Oct 21; MSFT Oct 28; AMZN and RDDT Oct 29; NET Nov 5.