{"id":439710,"date":"2026-10-09T03:16:08","date_gmt":"2026-10-08T20:16:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-indices-lead-the-slide-as-ai-stocks-tumble-439710\/"},"modified":"2026-10-09T03:16:08","modified_gmt":"2026-10-08T20:16:08","slug":"nasdaq-indices-lead-the-slide-as-ai-stocks-tumble","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-indices-lead-the-slide-as-ai-stocks-tumble-439710\/","title":{"rendered":"Nasdaq indices lead the slide as AI stocks tumble"},"content":{"rendered":"<div>\n<p>It was not a good day for the broader U.S. stock indices, although the Dow and Russell 2000 managed to close modestly higher.<\/p>\n<p>The S&amp;P 500, Nasdaq Composite and Nasdaq 100 opened lower, tried to rebound around midday, and then fell sharply in the afternoon as traders reacted to reports of OpenAI revenue weakness. Buyers had their shot on the rebound. By the afternoon, sellers had taken back control.<\/p>\n<p>Even a move lower in Treasury yields failed to provide relief. The concern was a potential chink in the armor of the AI growth story, with selling spreading across chipmakers, AI infrastructure companies and related technology shares.<\/p>\n<p>U.S. stock market closes<\/p>\n<ul>\n<li>\n<p>Dow Industrial Average: +52.01 points, or +0.10%, at 51,237.13.<\/p>\n<\/li>\n<li>\n<p>S&amp;P 500: \u221236.30 points, or \u22120.47%, at 7,765.47.<\/p>\n<\/li>\n<li>\n<p>Nasdaq Composite: \u2212345.35 points, or \u22121.25%, at 27,193.34.<\/p>\n<\/li>\n<li>\n<p>Russell 2000: +0.93 points, or +0.03%, at 2,794.13.<\/p>\n<\/li>\n<li>\n<p>Nasdaq 100: \u2212434.27 points, or \u22121.39%, at 30,725.81.<\/p>\n<\/li>\n<\/ul>\n<p>The divergence stands out. The Dow and small caps held onto gains, but the technology-heavy indices took the harder hit. The S&amp;P 500 also finished lower, although its decline was more contained.<\/p>\n<p>AI and chip-related stocks hit hard<\/p>\n<p>The supplied list of AI, semiconductor and related infrastructure stocks falling by 4% or more included:<\/p>\n<ul>\n<li>\n<p>Coherent (COHR): \u22129.63%.<\/p>\n<\/li>\n<li>\n<p>Astera Labs (ALAB): \u22129.21%.<\/p>\n<\/li>\n<li>\n<p>CoreWeave (CRWV): \u22127.77%.<\/p>\n<\/li>\n<li>\n<p>Nebius (NBIS): \u22127.35%.<\/p>\n<\/li>\n<li>\n<p>Arm (ARM): \u22126.48%.<\/p>\n<\/li>\n<li>\n<p>Bloom Energy (BE): \u22126.34%.<\/p>\n<\/li>\n<li>\n<p>Lumentum (LITE): \u22125.62%.<\/p>\n<\/li>\n<li>\n<p>Intel (INTC): \u22125.34%.<\/p>\n<\/li>\n<li>\n<p>SanDisk (SNDK): \u22124.90%.<\/p>\n<\/li>\n<li>\n<p>Micron (MU): \u22124.79%.<\/p>\n<\/li>\n<li>\n<p>Broadcom (AVGO): \u22124.35%.<\/p>\n<\/li>\n<li>\n<p>SK hynix: \u22124.35%.<\/p>\n<\/li>\n<\/ul>\n<p>Those declines were considerably larger than the losses in the broader indices. The selling reached beyond one chipmaker and into several parts of the AI investment theme.<\/p>\n<p>Apple bucks the Magnificent Seven decline<\/p>\n<p>Apple was the only Magnificent Seven stock to finish higher:<\/p>\n<ul>\n<li>\n<p>Apple: +1.12%.<\/p>\n<\/li>\n<li>\n<p>Meta: \u22120.06%.<\/p>\n<\/li>\n<li>\n<p>Alphabet: \u22120.63%.<\/p>\n<\/li>\n<li>\n<p>Tesla: \u22120.74%.<\/p>\n<\/li>\n<li>\n<p>Microsoft: \u22121.35%.<\/p>\n<\/li>\n<li>\n<p>Amazon: \u22122.25%.<\/p>\n<\/li>\n<li>\n<p>Nvidia: \u22122.94%.<\/p>\n<\/li>\n<\/ul>\n<p>Nvidia led the declines within that group, although its loss remained smaller than those of many names on the AI and chip-related decliners list.<\/p>\n<p>Lower yields fail to help<\/p>\n<p>Treasury yields moved lower, with the larger declines at the longer end of the curve. The supplied late-day snapshot showed:<\/p>\n<ul>\n<li>\n<p>2-year: 4.7514%, down 1.26 basis points.<\/p>\n<\/li>\n<li>\n<p>5-year: 4.9871%, down 3.39 basis points.<\/p>\n<\/li>\n<li>\n<p>10-year: 5.2268%, down 5.02 basis points.<\/p>\n<\/li>\n<li>\n<p>30-year: 5.5840%, down 5.86 basis points.<\/p>\n<\/li>\n<\/ul>\n<p>Lower yields can provide support for growth-stock valuations. Today, that support was overwhelmed by concerns about the revenue outlook behind the AI investment story.<\/p>\n<p>For traders, that matters. A normally helpful development arrived, but the technology indices still moved sharply lower.<\/p>\n<p>The trading lesson: watch the response<\/p>\n<p>A favorable backdrop is only useful if buyers respond.<\/p>\n<p>Today, yields fell and stocks tried to recover around midday. But the rebound did not hold. That is the lesson for newer traders: do not assume that lower yields automatically mean higher technology stocks.<\/p>\n<p>Watch the price. Buyers need to reclaim a clear technical level and stay above it before a recovery earns more credibility. Until that happens, a bounce can remain a correction within the selling.<\/p>\n<p>Related analysis<\/p>\n<p><a href=\"https:\/\/investinglive.com\/stocks\/heavy-selling-hits-us-stock-markets-on-openai-revenue-weakness\/\" rel=\"follow\">Heavy selling hits US stock markets on OpenAI revenue weakness<\/a><\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It was not a good day for the broader U.S. stock indices, although the Dow and Russell 2000 managed to close modestly higher. The S&amp;P 500, Nasdaq Composite and Nasdaq 100 opened&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-439710","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439710","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=439710"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439710\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}