Stock Market Today, June 9: Chipmakers Drag Nasdaq Down at Midday

U.S. equities were sharply lower at midday, with the S&P 500 down 1.46% to 7,297.54 and the Nasdaq Composite falling 2.52% to 25,246.14 amid renewed AI weakness. The Dow Jones Industrial Average slipped 0.59% to 50,488.59, indicating a broader risk-off tone even as the selloff appears concentrated in AI-linked technology names.

Analysis

U.S. equities were sharply lower at midday, with the S&P 500 down 1.46% to 7,297.54 and the Nasdaq Composite falling 2.52% to 25,246.14 amid renewed AI weakness. The Dow Jones Industrial Average slipped 0.59% to 50,488.59, indicating a broader risk-off tone even as the selloff appears concentrated in AI-linked technology names.