Nasdaq fell 1.4%
The Nasdaq Composite dropped 1.4 percent on Thursday to close at 25,520.24, extending a rough stretch for the technology-heavy benchmark. The decline brought weekly losses to 2.9 percent and left the index down 3.25 percent over the past month, though it remains up 9.8 percent since the start of the year and has gained 5.88 percent over the trailing three months.
The index now sits 5.81 percent below its 52-week high of 27,093.9 reached earlier this year, while holding 23.58 percent above its 52-week low of 20,650.13. Technically, the Nasdaq has slipped below its 50-day simple moving average of 26,140.04 but remains comfortably above its 200-day average of 23,877.26, a longer-term trend indicator.
Selling pressure was broad across global equity markets. In the United States, the S&P 500 fell 1.01 percent and the Dow Jones Industrial Average declined 0.77 percent. Asian markets bore heavier losses, with South Korea's KOSPI plunging 6.37 percent and Taiwan's TAIEX dropping 6.47 percent, while Japan's Nikkei shed 4.03 percent. European benchmarks were mixed but mostly lower, with the Euro Stoxx 50 down 0.84 percent and Germany's DAX off 0.34 percent, though the UK's FTSE 100 managed a 0.27 percent gain. India's Sensex and Nifty 50 were notable outliers, rising 1.25 percent and 1.09 percent respectively.
Several headlines pointed to weakness in semiconductor stocks as a contributing factor. According to a headline from FXEmpire, "US Stocks Drop as Chip Stocks Extend Losses," while TradingKey reported that the Philadelphia Semiconductor Index slumped 4 percent with Micron losing trillion-dollar market value. Another FXEmpire headline noted "Chip Stocks Slide Despite TSMC Beat as US Stocks Retreat." However, the evidence pack does not establish a definitive causal link between these developments and Thursday's Nasdaq move, and the index's decline was roughly in line with broader US market weakness rather than sharply divergent.
The session leaves the Nasdaq in a middling technical position—off its highs but still holding meaningful year-to-date gains and trading above long-term trend support. What drove the specific magnitude of Thursday's decline remains unclear from the available information, and investors will need additional sessions to determine whether this represents routine consolidation or the start of a deeper pullback.
The numbers
- Level 25,520.24, -1.40% on the day (as of 2026-07-17)
- 1-week -2.90% · 1-month -3.25% · 3-month +5.88% · YTD +9.80%
- 52-week range 20,650.13 – 27,093.90, 5.8% below the high
- Trading below its 50-day average and above its 200-day average
Around the world (same session)
- S&P 500 -1.01%
- Dow -0.77%
- FTSE 100 +0.27%
- DAX -0.34%
- CAC 40 -0.47%
- Euro Stoxx 50 -0.84%
- Nikkei -4.03%
- Hang Seng -1.78%
- Shanghai -3.05%
- KOSPI -6.37%
- TAIEX -6.47%
- ASX 200 -0.50%
- Sensex +1.25%
- Nifty 50 +1.09%
Recent headlines
- Markets at a glance - Nasdaq Composite index fell 1.5 percent on Thursday — marketscreener.com (1d ago)
- Nasdaq Composite Index (.IXIC) — Moomoo (1d ago)
- SpaceX shares slide as it joins the tech-heavy Nasdaq-100 — Al Jazeera (11d ago)
- S&P500 and Nasdaq 100: US Stocks Drop as Chip Stocks Extend Losses — FXEmpire (1d ago)
- How Index Funds Are Adapting to Mega-IPOs — Morningstar (4d ago)
- US Stocks Diverge, Philadelphia Semiconductor Index Slumps 4%: Micron Loses Trillion-Dollar Market Value, Market Expectations for Semiconductor Sector Too High, Short-Term Trading Enters Phase of Overextended Expectations — TradingKey (2d ago)
- What to Expect in Markets This Week: SpaceX Joins Nasdaq 100 Index; Second-Quarter Results Start to Arrive — Investopedia (13d ago)
- Nasdaq 100: Chip Stocks Slide Despite TSMC Beat as US Stocks Retreat — FXEmpire (1d ago)
Sources
- Markets at a glance - Nasdaq Composite index fell 1.5 percent on Thursday — marketscreener.com
- Nasdaq Composite Index (.IXIC) — Moomoo
- SpaceX shares slide as it joins the tech-heavy Nasdaq-100 — Al Jazeera
- S&P500 and Nasdaq 100: US Stocks Drop as Chip Stocks Extend Losses — FXEmpire
- How Index Funds Are Adapting to Mega-IPOs — Morningstar
- US Stocks Diverge, Philadelphia Semiconductor Index Slumps 4%: Micron Loses Trillion-Dollar Market Value, Market Expectations for Semiconductor Sector Too High, Short-Term Trading Enters Phase of Overextended Expectations — TradingKey
- What to Expect in Markets This Week: SpaceX Joins Nasdaq 100 Index; Second-Quarter Results Start to Arrive — Investopedia
- Nasdaq 100: Chip Stocks Slide Despite TSMC Beat as US Stocks Retreat — FXEmpire
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