The Nasdaq Composite entered its second correction of 2026 on July 29, closing at 24,442.94, down 10.1% from its June 1 high of 27,190.21. This marks the third correction in the index in the last 16 months, following a 13.4% drop that ended March 30 and a brief crash in April 2025 when the index fell more than 20% intraday. The latest decline was driven by a sell-off in semiconductor stocks, which as of June 30 made up 46.4% of the Vanguard Information Technology ETF, highlighting the Nasdaq's heavy concentration in tech and growth names. In contrast, the S&P 500 and Dow Jones Industrial Average have been less volatile, with the S&P 500 closing just 4% off its high and the Dow down only 3.2% from its all-time high on the same day. Analysts expect continued volatility as the Nasdaq remains driven by investor enthusiasm and stocks valued on future growth potential, particularly in artificial intelligence.
Seagate Technology PLC
Verizon Communications Inc
Western Digital Corporation
Caterpillar Inc
GE Vernova LLC
