Nasdaq fell 1.4%
The Nasdaq Composite fell 1.4 percent on Thursday to close at 25,520.24, extending a rough stretch for the technology-heavy benchmark. The decline left the index down 2.9 percent for the week and 3.25 percent over the past month, though it remains up 9.8 percent since the start of the year.
The Nasdaq 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 index has slipped below its 50-day simple moving average of 26,140.04, a short-term trend indicator, but remains comfortably above its 200-day average of 23,877.26, which typically signals longer-term momentum.
The selling was broad across U.S. equities. The S&P 500 declined 1.01 percent and the Dow Jones Industrial Average fell 0.77 percent. Overseas markets showed a sharper split: Asian bourses suffered heavy losses with Japan's Nikkei down 4.03 percent and South Korea's KOSPI plunging 4.46 percent, while China's markets bucked the trend with the Hang Seng rising 1.96 percent and Shanghai up 0.85 percent. European indices posted modest declines, with Germany's DAX off 0.29 percent and France's CAC 40 down 0.23 percent.
According to a headline from FXEmpire, U.S. stocks dropped as chip stocks extended losses. Other recent headlines noted SpaceX's addition to the Nasdaq-100 index, though this event occurred roughly two weeks ago according to timestamps from Al Jazeera and Investopedia. No specific catalyst for Thursday's session appeared in the evidence pack.
The Nasdaq's retreat from its 52-week high and its dip below the 50-day moving average suggest near-term pressure on the growth-oriented index, even as its year-to-date gains and position above the 200-day average indicate the broader uptrend remains intact. What drove the selling this session is not clearly established by the available information.
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 -0.70%
- DAX -0.29%
- CAC 40 -0.23%
- Euro Stoxx 50 -0.22%
- Nikkei -4.03%
- Hang Seng +1.96%
- Shanghai +0.85%
- KOSPI -4.46%
- TAIEX -0.52%
- ASX 200 -0.06%
- Sensex -0.99%
- Nifty 50 -0.62%
Recent headlines
- Markets at a glance - Nasdaq Composite index fell 1.5 percent on Thursday — marketscreener.com (3d ago)
- Nasdaq Composite Index (.IXIC) — Moomoo (3d ago)
- SpaceX shares slide as it joins the tech-heavy Nasdaq-100 — Al Jazeera (13d ago)
- If a Stock Market Crash Is Coming, History Says Investors Who Make This Simple Move Will Come Out Ahead — The Motley Fool (21h ago)
- What to Expect in Markets This Week: SpaceX Joins Nasdaq 100 Index; Second-Quarter Results Start to Arrive — Investopedia (15d ago)
- S&P500 and Nasdaq 100: US Stocks Drop as Chip Stocks Extend Losses — FXEmpire (2d ago)
- How Index Funds Are Adapting to Mega-IPOs — Morningstar (6d ago)
- SpaceX Joined the Nasdaq 100 Index Today—Here’s Why That Matters to Stock Investors — Investopedia (13d 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
- If a Stock Market Crash Is Coming, History Says Investors Who Make This Simple Move Will Come Out Ahead — The Motley Fool
- What to Expect in Markets This Week: SpaceX Joins Nasdaq 100 Index; Second-Quarter Results Start to Arrive — Investopedia
- S&P500 and Nasdaq 100: US Stocks Drop as Chip Stocks Extend Losses — FXEmpire
- How Index Funds Are Adapting to Mega-IPOs — Morningstar
- SpaceX Joined the Nasdaq 100 Index Today—Here’s Why That Matters to Stock Investors — Investopedia
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