US Stock Market Today: Dow Jumps 369 Points, Nasdaq Falls As Memory Stocks Slide
NDTV Profit 2 hrs ago·13 Oct 2026, 1:50 pm
U.S. stocks finished the session with a mixed bag of results. The Dow Jones Industrial Average posted a notable gain of nearly 369 points, reflecting strength in traditional blue-chip sectors. However, the broader market was not as cheerful, with the Nasdaq and S&P 500 indices slipping lower for the day.
The primary driver behind the market's volatility was a sharp decline in the value of memory chip stocks. Investors are closely watching this sector due to its critical role in artificial intelligence infrastructure. Concerns regarding intense competition from Chinese manufacturers and a potential slowdown in spending on AI technology have weighed heavily on these tech stocks, pulling the Nasdaq down with them.
For investors, this highlights the delicate balance in the current market. While some sectors remain resilient, the tech-heavy Nasdaq is showing sensitivity to supply-chain and geopolitical risks. Moving forward, market participants will be focused on upcoming earnings reports from major chipmakers to gauge if the recent selloff is a temporary correction or the start of a longer-term trend shift.
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
