Nasdaq Extends Losing Streak as Big Tech Slumps

How it moves markets

Nasdaq — down: Big Tech and chip companies sold off, extending the five-day losing streak.

S&P 500 — down: Tech sell-off pulled the index lower and produced a weekly loss.

Dow — mixed: Index held up relatively better than tech-heavy benchmarks.

Chain reaction

Big Tech slumps

Chip stocks join the sell-off

Nasdaq falls for fifth straight session

S&P 500 records a weekly loss

Dow holds relatively better

Scenarios

Bull case: Tech selling eases and the Nasdaq and S&P 500 stop extending their losing streak.

Base case: The Dow continues to hold up better while Nasdaq and S&P 500 remain under pressure from tech.

Bear case: Continued pressure on Big Tech leads to further declines in the Nasdaq and S&P 500.

Winners and losers

Winner — Dow: Held relatively better during the tech slump

Loser — Big Tech: Led the sell-off

Loser — Nasdaq: Extended its losing streak

The MAEXO take

Bearish tech pressure is weighing on major indexes, with the Dow showing relative resilience. Investors should track whether the tech sell-off continues or stabilizes.

What to watch next

Next session performance of tech stocks

Any follow-up news on chip sector selling

How the S&P 500 closes the week relative to the Nasdaq

Learn the concept

When one large sector sells off, it can drag down the broader indexes that contain many of those companies.