Nasdaq Slips as Tech Sell-Off Resumes

How it moves markets

NDX — down: resumption of chip stock selling pushed the index lower

S&P 500 — neutral: broader market remained flat despite tech weakness

Chain reaction

chip stock selling resumes

Nasdaq declines

futures point to further losses

investors grow cautious on tech

Scenarios

Bull case: Limited information available to assess this scenario

Base case: Nasdaq stays weak while the S&P 500 and Dow remain relatively stable as selling stays concentrated in tech.

Bear case: Continued chip selling could extend losses in the Nasdaq and pressure related stocks further.

Winners and losers

Winner — Dow: rose while tech selling occurred

Loser — NDX: declined amid resumption of chip stock selling

The MAEXO take

Tech weakness is weighing on the Nasdaq while other major indices hold up, pointing to sector-specific pressure rather than broad market decline.

What to watch next

chip stock price action

Nasdaq futures movement

next session open for tech sector

Learn the concept

Different parts of the stock market can move in opposite directions at the same time when investors rotate away from one sector.