STOCKS | Nasdaq Extends Intraday Decline Beyond 1.5% as Chip Stocks Slide

The Nasdaq’s intraday decline widened to more than 1.5%, while the S&P 500 fell 1%. According to Jin10, the Philadelphia Semiconductor Index dropped 3.7%. Among major chipmakers, Qualcomm fell 7.5%, Intel declined 3.6%, and Micron Technology slid 4%.