Bearish
Nasdaq 100 drops 0.97% amid tech sell-off and geopolitical tensions
The Nasdaq 100 declined by 0.97% on August 24, 2026, primarily due to a significant sell-off in semiconductor stocks and escalating geopolitical tensions. Investors are also cautious ahead of Nvidia's earnings report and a key inflation report later this week.
Key points
- Semiconductor Sell-Off: Major chipmakers like Micron Technology (-5.8%), Advanced Micro Devices (-2.76%), and Broadcom (-2.6%) experienced significant declines, dragging down the Nasdaq 100.
- Geopolitical Tensions: The U.S. announced potential economic sanctions targeting Iran's trade partners, raising concerns about global economic stability.
- Upcoming Earnings Report: Investors are awaiting Nvidia's quarterly results, scheduled for Wednesday, to gauge the strength of the AI market.
- Inflation Report: A key inflation report is expected later this week, which could influence Federal Reserve policy decisions.
Sources
- Stock Indices Finish Mostly Lower on Chipmaker WeaknessYahoo Finance · August 24, 2026
- S&P 500, Nasdaq slip as Iran tensions test markets in high-stakes weekKitco News · August 24, 2026
- S&P, Nasdaq futures slip as markets await Iran sanctions, Nvidia resultsMarketScreener India · August 24, 2026
- Nasdaq Today, Aug 24 2026: Chips Drag an Otherwise Flat IndexEastern Herald · August 24, 2026
AI-generated from public news sources. Not financial advice.
