Nasdaq down over 6%, $2.3 trillion wiped out as market fear persists

The Nasdaq index fell more than 6% during Thursday's session, with about $2.3 trillion evaporating from tech company valuations. Friday's rebound failed to significantly improve sentiment — the options market, rising SKEW indicator, and high VIX-to-VXV ratio signal that investors remain concerned about further declines in tech markets.