Nasdaq and S&P 500 fall sharply as tech stocks tumble

Price ActionMacro Impact 4
โดย Seeking Alpha·Read original
Summary · why it matters

Wall Street's major averages fell on Tuesday as technology stocks stumbled in a selloff that intensified from earlier in the week. The benchmark S&P 500 was last down 1.3%, while the Nasdaq Composite traded 1.9% lower, and the blue-chip Dow slipped 0.1%. AI memory and chip stocks slid after South Korea's Kospi Index slumped about 10% from a record high, its biggest one-day drop in history, with top Nasdaq decliners including Micron Technology, Sandisk, Teradyne, and Applied Materials. The U.S. dollar extended gains, with the Dollar Index climbing to 101.33, its strongest level since May 13, 2025, as investors assessed the Federal Reserve's decision to keep rates unchanged. Treasury yields were slightly lower, with the 10-year yield down 3 basis points at 4.49% and the 2-year yield dropping 5 basis points to 4.19%.

Impact on stocks 4

Semiconductors▼ · 4 stocks
Micron Technology Inc
MU
▼ NegativeDemandrelevance

Micron Technology was a top Nasdaq decliner as AI memory stocks tumbled following South Korea's market slump.

Sandisk Corp
SNDK
▼ NegativeDemandrelevance

Sandisk was a top Nasdaq decliner as AI memory stocks tumbled following South Korea's market slump.

Applied Materials Inc
AMAT
▼ NegativeDemandrelevance

AI memory and chip stocks slid after South Korea's Kospi Index slump, indicating weak demand for semiconductor equipment.

Teradyne Inc
TER
▼ NegativeDemandrelevance

Teradyne was a top Nasdaq decliner as chip stocks slid after South Korea's Kospi Index slump.

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