Down 12.09%… Nasdaq Composite Index, intraday 24,262.14 vs. October 6 closing high

The Nasdaq Composite fell as much as 12.09% below its October 6 closing peak on November 5, touching an intraday low of 24,262.14 versus the prior close high of 27,599.89, a gap of 3,337.75 points, according to Nasdaq's official index page. Reuters reported the index at 24,712.60 at the time of its report—10.46% below the October 6 peak—though that figure was the level at publication rather than the session's lowest point. The distinction matters because it determines whether the drawdown is characterized as a technical correction exceeding 10% or a deeper decline past 12%, a threshold that shapes how investors and media frame the selloff. Daily closing data from the St. Louis Fed's FRED, sourced to Nasdaq, runs only through November 4 and excludes the November 5 close. November 5 closing values vary by quote provider, so the confirmed closing level and whether the index extends or recovers from its intraday low are the next data points to watch.