U.S. stocks extended losses at open: three major indexes down 1%, Nasdaq poised to confirm correction

TechFlow News — On March 4, according to Jinshi News, U.S. stocks extended their decline at market open, with all three major indexes dropping by 1%. The Nasdaq Composite Index is on track to confirm a correction, currently down 10% from its historical closing high.

Tesla (TSLA.O) fell 4.3% after Bank of America sharply cut its price target from $490 to $380. Nvidia (NVDA.O) continued yesterday’s downtrend, opening down 2.2%.

Among cryptocurrency-related stocks, Coinbase dropped 1.51%, and Strategy declined 4.27%.