The NASDAQ index is at present down 430 factors or -1.96% at 21,500. That takes the worth beneath the low value from final Friday’s commerce at 21,522.75. It additionally takes a value to the bottom stage since September 4.
The subsequent main goal space comes between 20,931 and 21,033 (swing lows from September 2 and August 19. Under that fact would look towards 21,573 (swing low from July 30) and the 38.2% retracement of the transfer up from the April 2025 low. That stage is available in at 20,491.
Know-how shares have been notably hard-hit immediately, together with industrials. Among the many backside 20 shares within the S&P 500 immediately, 13 come from the know-how sector — largely semiconductor and electronics companies. The overarching driver is the ongoing U.S.-Iran struggle and its ripple results on international provide chains and power costs.
Key Tales by Inventory
Ciena (CIEN) -10.58% — The most important loser on the checklist. Shares fell after an insider sale spooked buyers — SVP Brodie Gage offered 5,000 shares at round $405, a 9.74% discount in his place — on high of the broader tech selloff.
Lam Analysis (LRCX) -9.11% — Shares fell on issues about potential provide chain disruptions for key chipmaking supplies. South Korean officers highlighted the danger that the Iran battle might interrupt the provision of helium, which is essential for managing warmth throughout semiconductor manufacturing and has no viable substitutes.
Meta (META) -8.14% — A double hit immediately. A California jury discovered Meta chargeable for contributing to the melancholy and anxiousness of a girl who used social media compulsively as a baby, awarding $6 million in damages with Meta on the hook for 70%. Individually, Meta can be shedding a number of hundred workers.
Micron (MU) -7.33%, AMD -6.79%, SMCI -8.61%, WDC -7.10%, INTC -6.25%, TSM -5.67% — All caught in the identical semiconductor wave. Rising power prices from the Iran battle are hitting South Korean reminiscence fabs — key clients for a lot of of those firms — which cascades into tools makers and chipmakers alike. That is taking place whilst many of those companies just lately reported sturdy fundamentals.
DJT -5.17% — Trump Media continues its current slide with no particular catalyst immediately past the final risk-off temper and that the corporate makes no financial, however is a sounding board for Pres. Trump.
