Plunge in Chipmakers Drags Stock Indexes Sharply Lower

U.S. equities sold off sharply, with the S&P 500 down 1.44% and the Nasdaq 100 down 3.29%, while September E-mini S&P futures fell 1.41%. The move reflects a broad risk-off session, with the tech-heavy Nasdaq underperforming significantly versus the Dow, which was nearly flat at -0.09%. The tone is negative for near-term market positioning and suggests elevated volatility across index futures and equities.

Analysis

U.S. equities sold off sharply, with the S&P 500 down 1.44% and the Nasdaq 100 down 3.29%, while September E-mini S&P futures fell 1.41%. The move reflects a broad risk-off session, with the tech-heavy Nasdaq underperforming significantly versus the Dow, which was nearly flat at -0.09%. The tone is negative for near-term market positioning and suggests elevated volatility across index futures and equities.