The Nasdaq Composite declined 2.6% to 26,008.86, as the S&P 500 decreased 1.21% to settle at 7,663.43. The technology-centric index registered its most significant single-day decline since June, while the S&P 500 recorded its worst daily performance since July. The Dow Jones Industrial Average, however, advanced 11.89 points, equating to a 0.02% increase, to conclude at 52,867.98. A substantial correction has impacted technology equities in recent days, positioning the Nasdaq composite at a five-week trough.