Advertisement
Australia markets closed
  • ALL ORDS

    8,082.30
    -67.80 (-0.83%)
     
  • ASX 200

    7,814.40
    -66.90 (-0.85%)
     
  • AUD/USD

    0.6695
    +0.0015 (+0.22%)
     
  • OIL

    80.00
    +0.77 (+0.97%)
     
  • GOLD

    2,419.80
    +34.30 (+1.44%)
     
  • Bitcoin AUD

    100,226.77
    -73.63 (-0.07%)
     
  • CMC Crypto 200

    1,368.16
    -5.68 (-0.41%)
     
  • AUD/EUR

    0.6155
    +0.0016 (+0.26%)
     
  • AUD/NZD

    1.0905
    -0.0001 (-0.01%)
     
  • NZX 50

    11,699.79
    -28.27 (-0.24%)
     
  • NASDAQ

    18,546.23
    -11.73 (-0.06%)
     
  • FTSE

    8,420.26
    -18.39 (-0.22%)
     
  • Dow Jones

    40,003.59
    +134.21 (+0.34%)
     
  • DAX

    18,704.42
    -34.39 (-0.18%)
     
  • Hang Seng

    19,553.61
    +177.08 (+0.91%)
     
  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     

Markets: Nasdaq closes 180 lower, losses seen across tech

Stocks (^DJI, ^IXIC, ^GSPC) reversed course throughout Wednesday and ended up closing the session lower. The Nasdaq Composite fell by over 180 points.

Market Domination Overtime Host Julie Hyman reviews the day's trading activity, eyeing the performance of tech leaders Nvidia (NVDA) and Snap Inc. (SNAP).

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

JULIE HYMAN: The Dow very slightly in the red, not even a tenth of 1% off by about 46 points by the end of the day. The S&P off by a little more than a half of 1%. Tech leading declines here today, off by about 1.2%. So we continue to watch that sell off unfold. And to dig a little bit more into that, let's take a look at the NASDAQ 100 here, where you see Alphabet, the only of the largest of the large cap that was higher on the day.

ADVERTISEMENT

NVIDIA participating in that chip led sell off that was really sparked by a forecast that was read as negative by the Street, and an earnings per share miss, I should say, from ASML, the big chip equipment maker. And so that's spreading through a lot of tech as well. But getting back to some of our trending tickers, it was interesting. There were some political announcements as well today or developments, I should say, that also percolated through the market, and we're seeing in our trending tickers page on Yahoo Finance.

One of the stocks we were watching on that front was Snap. And obviously, this is an illuminating intraday chart, because you saw a big spike up and we learned that the legislation that could potentially force ByteDance to sell TikTok, divest from TikTok, or ban it in the United States, that that was being fast tracked. So we saw the move upward and Snap, obviously, a competitor to TikTok on the day.

And then the other stock that stood out in that category, if I can get it back for you, was first Solar. And that's because there was some news about tariffs that could advantage the likes of a first Solar. So those shares moved up on the day as well. If I can't get the chart for you, I'll just send it back to Josh in a minute. But here we go, first Solar up about 3% on the day.