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Here’s What Is Happening Behind the Market’s Swings, in Charts
The Wall Street Journal21d agoneutral
Here’s What Is Happening Behind the Market’s Swings, in Charts

The Nasdaq composite fell 1.5%, leading the session’s losses. Another quarter of solid earnings from Taiwan Semiconductor Manufacturing did little to mitigate a rough patch for chip stocks, with investors worried more about its spending plans than its bright outlook. Shares of chip makers from Santa Clara, Calif., to Seoul slid.

Most Stocks Gained, but Chip Selloff Drags Market
Barrons.com21d agobearish
Most Stocks Gained, but Chip Selloff Drags Market

The Nasdaq, the S&P 500, and the Dow ended Thursday's session lower, but if you take a closer look, most of the market is actually holding up all right. The tech-heavy Nasdaq saw the most dramatic declines since tech stocks led the selloff, down 1.5%. The S&P 500 fell 0.5% and the Dow dropped 0.2% or 105 points.

Stocks Are in the Red. Tech Leads the Way Down.
Barrons.com21d agoneutral
Stocks Are in the Red. Tech Leads the Way Down.

All three major indexes were in the red midday and tech stocks were leading the fall. The Nasdaq slipped 1.1% and the S&P 500 dropped 0.5%. The Dow also was lower, down 0.3% or 158 points. Chip stocks are the standout laggard of the day, with the PHLX Semiconductor index down 5%, extending yesterday's declines.

Chip Weakness Takes Hold, Nasdaq Stumbles
Barrons.com21d agobearish
Chip Weakness Takes Hold, Nasdaq Stumbles

Chip stock weakness was taking its toll on Thursday, and tech stocks were losing steam. The Nasdaq was down 0.6%, while the S&P fell 0.1%. The Dow looked for direction near the flatline. Memory chip stocks, like Western Digital and Micron, were some of the worst performers premarket though the chip space struggled broadly.