Nasdaq Composite Falls Below 26,000 as Chip Sector Declines

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The Nasdaq Composite dropped below 26,000 as the Fear & Greed Index turned negative, closing at 25,999.41, a 1.05% decline. Losses in the chip sector widened, with Intel, Micron Technology, and Qualcomm falling 7.01%, 6.08%, and 10%, respectively. The crypto market continued to face pressure amid broader risk-off sentiment.

Odaily Planet Daily reports that, according to MSX data, the Nasdaq Composite Index has fallen below 26,000 points, recently trading at 25,999.41, down 1.05% on the day.

The semiconductor chip sector declined collectively, with NVIDIA shares falling 0.6%, TSMC shares dropping 2.67%, Broadcom shares sliding 1.52%, Micron Technology shares plunging 6.08%, AMD shares declining 3.06%, Intel shares falling 7.01%, ASML shares dropping 3.63%, and Qualcomm's decline further widened to 10%, after three consecutive days of gains.

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