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Benzinga
Benzinga
Business
Piero Cingari

Chip Selloff Drags Nasdaq 100, Gold Sinks Below $4,000: Stock Market Today

Be Gold Semiconductor Abbott Laboratories AST SpaceMobile Inc Bloom Energy Corp Rocket Lab Corp SanDisk Corp
Digital,Gold,Price,Stock,Market,Trading,Charts,With,Stacked,Fine

Another sharp selloff in semiconductors dragged the Nasdaq 100 down more than 1% by midday Thursday, extending a negative week for tech.

Across U.S. equity markets, during midday trading, the moves were sharply split beneath the surface. Strength in defensive and value names offset weakness concentrated in chips and speculative tech, sending money down the market-cap ladder.

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