US Stocks Fall as Nasdaq Drops 1.88%; Semiconductor Index Slides 4.3%
- Major indexes close lower: The Dow Jones Industrial Average fell 0.09%, the S&P 500 declined 1.1%, and the Nasdaq Composite dropped 1.88%.
- Big Tech stocks slide: Nvidia fell 3.16%, Broadcom dropped 3.10%, Meta declined more than 3%, and Tesla lost over 2%.
- Semiconductor stocks under pressure: The Philadelphia Semiconductor Index plunged 4.3%. Micron Technology fell 4%, while SK Hynix declined 6%.
- AI infrastructure stocks tumble: CoreWeave plunged more than 15%, while Dell Technologies dropped over 11%, adding to concerns around technology and AI infrastructure spending.
- Chinese stocks weaken: The Nasdaq Golden Dragon China Index fell 1.39%, with Bilibili and NIO both declining more than 4%.
- US dollar strengthens: The US Dollar Index rose 0.37% to 102.554. The euro weakened to $1.1153 and the British pound fell to $1.3181, while the dollar rose against the Swiss franc and Canadian dollar.
$NVDAB $SOXLB $SKHY
- Major indexes close lower: The Dow Jones Industrial Average fell 0.09%, the S&P 500 declined 1.1%, and the Nasdaq Composite dropped 1.88%.
- Big Tech stocks slide: Nvidia fell 3.16%, Broadcom dropped 3.10%, Meta declined more than 3%, and Tesla lost over 2%.
- Semiconductor stocks under pressure: The Philadelphia Semiconductor Index plunged 4.3%. Micron Technology fell 4%, while SK Hynix declined 6%.
- AI infrastructure stocks tumble: CoreWeave plunged more than 15%, while Dell Technologies dropped over 11%, adding to concerns around technology and AI infrastructure spending.
- Chinese stocks weaken: The Nasdaq Golden Dragon China Index fell 1.39%, with Bilibili and NIO both declining more than 4%.
- US dollar strengthens: The US Dollar Index rose 0.37% to 102.554. The euro weakened to $1.1153 and the British pound fell to $1.3181, while the dollar rose against the Swiss franc and Canadian dollar.
$NVDAB $SOXLB $SKHY