PANews reported on March 27 that the Nasdaq 100 index has fallen 10% from its October high and is about to enter a period of adjustment.

A stock market decline of more than 10% but less than 20% from its recent high is typically defined as a "correction" or "adjustment." It represents a brief pause in a bull market, not a full transition to a bear market. This signifies a more cautious market sentiment, with investors beginning to worry about high inflation, high interest rates, geopolitical conflicts, or weaker-than-expected corporate earnings, leading to a sell-off of previously high-performing growth technology stocks.