Strota/ Newsroom/ Global Markets/ 2026-07-30

Nasdaq slumped 1.7%

Strota Newsroom · Global Markets · session of 2026-07-30 · market close

Nasdaq Composite closed at 24,442.94 on 2026-07-29, slumped 1.7% on the session and is +5.2% year-to-date. Here is what the market data shows.

The Nasdaq Composite closed at 24,442.94 on 29 July, down 1.74% on the session. It was the sixth consecutive decline for the index, according to a market wrap from TradingKey, and the drop left the tech-heavy benchmark at the weakest point of a bruising month.

The close put the index 9.78% below its 52-week high of 27,093.90, though still 18.37% above the 52-week low of 20,650.13. It finished under its 50-day moving average of 25,977.73 while holding above its 200-day average of 23,970.08 — a split that describes a short-term downtrend inside a longer uptrend rather than a wholesale reversal. Over one week the index was down 4.86% and over one month down 5.33%, but the three-month change was only 0.9% lower and the year-to-date figure was still positive at 5.17%.

The selling was broad across the United States but did not travel. The S&P 500 fell 1.52% and the Dow Jones dropped 2.19%, the steepest fall of the three American benchmarks. Europe finished the same session higher: the CAC 40 rose 0.71%, the Euro Stoxx 50 gained 0.46% and the FTSE 100 added 0.18%, with only the DAX slightly lower at 0.14%. Asia was mixed — the Nikkei rose 0.71%, the Hang Seng 0.2%, the Sensex 0.35% and the Nifty 50 0.28%, while the KOSPI fell 1.23%, the ASX 200 0.78%, the Shanghai Composite 0.62% and the TAIEX 0.26%.

On the news, Reuters reported that Wall Street closed down sharply after the Federal Reserve held rates unchanged. Bloomberg reported that the Nasdaq 100 had entered a correction following the Fed decision. Investor's Business Daily attributed the day's fall to bond yields jumping on Fed worries, and The Globe and Mail pointed to geopolitical tensions alongside a selloff in chip stocks. A separate TradingKey wrap noted weakness concentrated in memory names while software stocks found support.

What the data here does not establish is which of those threads actually moved the index, or how much of the fall was the rate decision rather than the semiconductor selling that several of the reports describe. The clearest fact in the numbers is the divergence itself: American indices fell together while European and Japanese markets closed the same session higher. The Nasdaq's position — below its 50-day average, above its 200-day, and still up on the year — is where the evidence ends.

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How this article was made: Strota assembled the market data above (the index's price history, same-session peer-market moves and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying market/public data.