Nasdaq-100 swings 2.15% in volatile session, closes at 29,120

The Nasdaq-100 fell 0.71% to 29,120 on June 24 after swinging 2.15% intraday in a 630-point range.

The tech-heavy index opened at 29,328 and climbed to a session high of 29,593 before reversing to a low of 28,963. Volume totaled 971.6 million shares, with the amplitude exceeding the average daily range for the benchmark.

The 2.15% intraday swing reflected heightened volatility as the index failed to hold above the 29,300 level. The close at 29,120 left the Nasdaq-100 below its opening print, with the session low of 28,963 testing support near the 29,000 round number.

The decline pushed the index closer to the 29,000 threshold, a level that has acted as both support and resistance in recent trading. The next session will test whether buyers step in to defend that level or if selling pressure extends the pullback.

The session's wide range — from the high of 29,593 to the low of 28,963 — marked one of the largest intraday swings for the index in the past month. The inability to hold gains above the opening level suggested selling pressure intensified through the session, with the close near the low end of the day's range. Volume of 971.6 million shares provided additional context for the move, indicating active participation during the volatile session.

This article is for informational purposes only and does not constitute investment advice.