Chipmaker selloff drags major U.S. stock indexes lower, Nasdaq 100 slides 1.76%
AI Market Summary
US equities are weaker, led by a sharp Nasdaq 100 decline as chip and AI-infrastructure names sell off amid surging global yields and renewed inflation risk from higher oil tied to Middle East disruptions and Hormuz uncertainty. While yields eased off highs and earnings remain broadly strong, mixed US housing data and a meaningful probability of a near-term Fed hike keep duration-sensitive tech under pressure, sustaining risk-off positioning.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT-1.64%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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Major U.S. stock indexes closed broadly lower, pressured by a selloff in semiconductor shares. The S&P 500 fell 0.61%, the Dow Jones Industrial Average slipped 0.10%, and the Nasdaq 100 dropped 1.76%. Equity futures also weakened, with E-mini S&P 500 futures down 0.68% and E-mini Nasdaq futures down 1.88%.
