US Stock Market Today: S&P 500 Sinks; Nasdaq Crashes 2% As Chip Stocks Selloff Worsens
NDTV Profit 1d ago·17 Jul 2026, 2:00 pm
Major US equity benchmarks are trading sharply lower this morning, with the technology-heavy Nasdaq Composite leading the decline. The index has dropped over 2%, dragged down by a broad selloff in semiconductor and chip stocks. The S&P 500 is also in the red, reflecting significant weakness across the broader market.
This sharp pullback is likely driven by renewed concerns over the outlook for artificial intelligence and high-growth technology stocks. Investors are reacting to mixed signals and potential profit-taking after a period of strong gains. For Indian investors, this volatility highlights the interconnectedness of global markets and the impact of US tech trends on risk appetite worldwide.
Moving forward, traders will closely watch the performance of chip giants like Nvidia and AMD. Any signs of stabilization in these key names could help curb the selling pressure. Conversely, continued weakness in this sector may trigger further volatility in global equity markets.
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.
