Tech selloff drags Nasdaq down 2.5%; energy stocks rise
By Market Pulse ·
- The Nasdaq dropped sharply while energy stocks gained as tech sentiment reversed.
- Indices: S&P 500 fell 1.09%, Dow Jones slipped 0.34%, Nasdaq 100 dropped 2.5% TradingView - Technology sector: Broad selling hit AI and chip stocks, with the Nasdaq Composite falling 2.3% [24/[address hidden].]( hidden]) - Semiconductors: VanEck Semiconductor ETF (SMH) fell 3% to 4% amid weakness in Nvidia, Micron and Broadcom Yahoo Finance - Energy sector: APA Corp rose over 4%, Diamondback Energy gained over 4% as oil rallied TradingView - Alcoa (AA): Shares jumped 5.80% after a third-quarter earnings beat Yahoo Finance - Fox Factory (FOXF): Shares plunged on unplanned CEO departure and lowered financial outlook Yahoo Finance