{"id":437326,"date":"2026-09-02T03:42:06","date_gmt":"2026-09-01T20:42:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-indices-close-sharply-lower-as-iran-war-heats-up-437326\/"},"modified":"2026-09-02T03:42:06","modified_gmt":"2026-09-01T20:42:06","slug":"nasdaq-indices-close-sharply-lower-as-iran-war-heats-up","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-indices-close-sharply-lower-as-iran-war-heats-up-437326\/","title":{"rendered":"Nasdaq indices close sharply lower as Iran war heats up"},"content":{"rendered":"<div>\n<p>The\u00a0major US stock indices are closing lower led by the NASDAQ indices and small cap Russell 2000 the worst performers.\u00a0 A sampling of some of the declines shows:<\/p>\n<ul>\n<li>SharkNinja (SN): -9.13% at $174.92<\/li>\n<li>Credo Technology (CRDO): -8.65% at $206.63<\/li>\n<li>\nCadence Design (CDNS): -7.60% at $313.04\n<\/li>\n<li>\nWhirlpool (WHR): -7.10% at $37.94\n<\/li>\n<li>\nCrowdStrike Holdings (CRWD): -6.90% at $215.07\n<\/li>\n<li>\nDell Technologies (DELL): -6.80% at $425.00\n<\/li>\n<li>\nStrategy (MSTR): -6.03% at $124.93\n<\/li>\n<li>\nCoinbase Global (COIN): -6.00% at $176.84\n<\/li>\n<li>\nCiena (CIEN): -5.87% at $360.33\n<\/li>\n<li>\nSynopsys (SNPS): -5.63% at $414.82\n<\/li>\n<li>\nDatadog (DDOG): -5.57% at $223.84\n<\/li>\n<li>\nFortinet (FTNT): -5.31% at $161.85\n<\/li>\n<li>\nPalo Alto Networks (PANW): -5.25% at $362.08\n<\/li>\n<li>\nOracle (ORCL): -5.23% at $141.32\n<\/li>\n<li>\nShopify (SHOP): -5.12% at $139.82\n<\/li>\n<li>\nBlock (XYZ): -5.05% at $77.88<\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">Technology shares dominate the losers, with cybersecurity stocks under broad pressure. CrowdStrike is down 6.90%, followed by Datadog (-5.57%), Fortinet (-5.31%) and Palo Alto Networks (-5.25%). Chip-design software companies are also struggling, with Cadence Design falling 7.60% and Synopsys losing 5.63%, while Dell is down 6.80% and Oracle is off 5.23%.<\/p>\n<p>Crypto-linked shares are moving lower as well, with Strategy and Coinbase both down about 6%. The weakness extends beyond technology: SharkNinja leads this group with a 9.13% decline, while Whirlpool is down 7.10%. Overall, the selling is broad across this list, with growth stocks taking much of the pressure.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">Some good news after the close is that Dell has bounced back after it -6.8% decline as Dell delivered a strong earnings beat and an upbeat outlook, according to the figures provided, with AI servers a major contributor.<\/p>\n<ul>\n<li>\nAdjusted EPS: $7.04 vs. $4.91 expected\u2014a beat of roughly 43%.\n<\/li>\n<li>\nRevenue: $47.0 billion vs. $44.9 billion expected.\n<\/li>\n<\/ul>\n<p>The outlook also came in well above expectations:<\/p>\n<ul>\n<li>\nFull-year adjusted EPS: $25.50 vs. $18.99 expected.\n<\/li>\n<li>\nFull-year revenue: $192 billion vs. $174 billion expected.\n<\/li>\n<li>\nFull-year AI server revenue: $74 billion, up from previous guidance of approximately $60 billion.\n<\/li>\n<li>\nQ3 adjusted EPS: $6.50 vs. the previous figure of $4.48.\n<\/li>\n<li>\nQ3 revenue: $49 billion vs. $41.42 billion expected.\n<\/li>\n<\/ul>\n<p>The headline numbers are strong, with Dell raising its AI server revenue forecast by about 23% and projecting revenue and earnings well above expectations. However, shares were down 6.80% in your earlier snapshot, suggesting the results have not been enough to support the stock. The figures alone do not establish why investors are selling despite the strong report.<\/p>\n<p>Shares are currently up 10.25% at $468.89.\u00a0\u00a0<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">A snapshot of the major indices saw the\u00a0 Nasdaq 100 leading the declines, down 1.29%, followed by the small-cap Russell 2000, down 1.23%. The Nasdaq Composite is also down more than 1%, while the Dow and S&amp;P 500 are showing more modest losses. <\/p>\n<ul>\n<li>\nDow Industrial Average: 52,772.27, down 419.06 points (-0.79%).\n<\/li>\n<li>\nS&amp;P 500: 7,631.48, down 54.67 points (-0.71%).\n<\/li>\n<li>\nNasdaq Composite: 26,099.77, down 271.11 points (-1.03%).\n<\/li>\n<li>\nRussell 2000: 2,920.13, down 36.32 points (-1.23%).\n<\/li>\n<li>\nNasdaq 100: 29,077.22, down 379.75 points (-1.29%).<\/li>\n<\/ul>\n<p>Higher oil prices due to increased military tension in the middle east have ticked up the chance for a September hike to 68%.\u00a0 The 10 year yield moving to 4.80% is also a concern especially since the US treasury needs to continually fund the deficit at higher and higher rates exasperating the US deficit at the same time.\u00a0\u00a0\u00a0\u00a0<\/p>\n<\/p>\n<ul><\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0major US stock indices are closing lower led by the NASDAQ indices and small cap Russell 2000 the worst performers.\u00a0 A sampling of some of the declines shows: SharkNinja (SN): -9.13% at&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437326","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437326"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437326\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}