Nasdaq 100 drops 5% amid chipmaker selloff; regulatory concerns raised

The Nasdaq 100 experienced a significant decline of 5% during early trading on Thursday, driven by a selloff within the semiconductor industry. Sarah Hunt, the chief market strategist at Alpine Saxon Woods, provided commentary on the market movement. Hunt noted that some investors are expressing apprehension regarding the potential for increased regulatory oversight, should a Democratic majority secure control of Congress. Her analysis was presented in the context of Bloomberg Open Interest.