Nasdaq 100 Slumps 4% as Trump Says Iran Shot Down US Apache

The Nasdaq 100 extended losses after geopolitical shock headlines from President Donald Trump. The tech-heavy index fell 3.79% on Tuesday, dropping 1,114.08 points to 28,300.18. It had been as high as 29,805.30 earlier in the session, then slid to an intraday low of 28,196.90, erasing an earlier bounce. Trump said Iran shot down a U.S. Army AH-64 Apache helicopter while it was patrolling over the Strait of Hormuz. Trump added that the U.S. “must” respond, intensifying risk-off positioning at a time when the technology sector was already pressured by weakness in chips and high-valuation growth stocks. U.S. Central Command (CENTCOM) confirmed the two crew members were rescued and were in stable condition, while the incident’s cause remains under investigation. The article links the move to a broader pattern: earlier Iran-escalation headlines pushed Bitcoin into risk-off behavior. Traders were left watching for three near-term signals: whether Washington releases more details on the Apache incident, whether Iran responds to Trump’s accusation, and whether the Nasdaq 100 can hold above Tuesday’s intraday low near 28,197.