The Nasdaq index sheds 86.76 points (-0.74%) as market bears take the reigns

Friday at a glance: the Nasdaq retained its composure around the 11,631 level after dropping 0.74%.

In the meantime, negative performances are also seen in other markets, CAC slumps 1.43% Friday and closed at 7,025.72. After ending Friday's session at 32,247, Dow Jones lost 384.57 points and is trading around 31,862. After ending Friday's session at 14,967, DAX lost 198.9 points and is trading around 14,768.

The index has been trending lower for about a month. The Nasdaq is now trading 14.73% above the significant low (10,200) it slumped to 2 months ago.