BUSINESS

Nasdaq Slides Dow Falls Amid Chip Selloff

PUBLISHED Oct 16, 2026, 7:04 PM ET

Read, Watch or Listen

The Nasdaq Composite slipped roughly two percent on Friday, driven by a sharp selloff in semiconductor and artificial intelligence names. Investors reacted to hotter inflation data and rising Treasury yields, pulling tech stocks lower. The Dow Jones Industrial Average also suffered, falling over one thousand points, its worst decline since April twenty‑five. Market participants noted that the downturn reflected broader concerns about credit conditions for AI infrastructure and chip manufacturers. Despite the losses, some defensive sectors showed resilience, and the S&P 500 managed a modest decline. Analysts suggest that the market will closely watch upcoming earnings reports and policy signals before determining the next direction.

By Claire D. | JQJO News

Timeline of Events

On July 29 2026 Dow drops 1,153 points, worst since April 2025.
On July 29 2026 Nasdaq falls 1.7 percent, tech stocks selloff.

News Intelligence

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