News
Tech Sector Slump: Nasdaq Drops 2.6%
The Nasdaq composite index dropped 2.6% to 26,008.86 on Thursday, marking its worst session since early June. The Philadelphia Semiconductor Index declined 6.7%, more than 26% below its June closing record. Major chipmakers Intel, AMD, Sandisk, and Marvell saw losses exceeding 8%. Lam Research fell 11.8% despite beating earnings estimates, which were broadly aligned with expectations but did not meet investor expectations.