{"id":441369,"date":"2026-11-03T03:40:05","date_gmt":"2026-11-02T20:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-indices-have-given-up-their-gains-trade-in-negative-territory-441369\/"},"modified":"2026-11-03T03:40:05","modified_gmt":"2026-11-02T20:40:05","slug":"nasdaq-indices-have-given-up-their-gains-trade-in-negative-territory","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-indices-have-given-up-their-gains-trade-in-negative-territory-441369\/","title":{"rendered":"NASDAQ indices have given up their gains. Trade in negative territory"},"content":{"rendered":"<div>\n<p> the broader NASDAQ indices are now trading in negative territory. <\/p>\n<ul>\n<li>The NASDAQ composite Index was 362.46 point at session highs. It is currently trading down -56.28 points at 25380.\u00a0<\/li>\n<li>The NASDAQ 100 index is up 368.55 points. It is currently down -140.34 points at 28244.  <\/li>\n<\/ul>\n<p>The S&amp;P index is still up 6.65 points after trading as high as +82.16 point.<\/p>\n<p>For the Nasdaq composite index, the 200 day MA comes in at 25065. The 38.2% of the move up from the March low comes in at 25036.\u00a0 The low price for the day reached 25380.72.\u00a0\u00a0<\/p>\n<p>For the Nasdaq 100, the 200 day MA comes in at 27940.95.\u00a0 The low reached 28244.50.\u00a0<\/p>\n<p>Moving below the 200 day MAs for each would increase the bearish bias technically.\u00a0<\/p>\n<p>The Magnificent 7 are mixed. Apple declines ahead of earnings after the close<\/p>\n<p>The Magnificent 7 are mixed in the latest trading snapshot, with Amazon leading the buyers. Shares are up $8.43, or 3.51%, at $248.78. Tesla is also moving higher, gaining $6.31, or 1.58%, to $406.13, while Alphabet is up $3.74, or 1.34%, at $283.58. Nvidia is little changed, adding $0.28, or 0.14%, to $204.92.<\/p>\n<p>On the downside, Apple is the weakest performer, falling $7.72, or 2.24%, to $336.91. Microsoft is down $4.64, or 0.89%, at $517.27, while Meta is lower by $4.05, or 0.66%, at $610.94. The performance highlights a selective recovery, with buyers supporting some names while others remain under pressure.<\/p>\n<p>Intel, meanwhile, continues to struggle after last week\u2019s sharp post-earnings decline. Shares are down another $5.02, or 7.63%, at $60.74 in your snapshot. The earnings report showed revenue growth of 21% and data-center and AI revenue growth of 78%, but the outlook pointed to weaker sequential revenue and margins, continued PC-market headwinds and supply constraints. Those concerns help explain why strong backward-looking results have failed to reassure investors. <\/p>\n<p>For Intel buyers, the first job is to stall the fall and establish a base. With the stock extending its losses today, there is still little evidence in this snapshot that sellers are giving up control.<\/p>\n<p>AI and Chip Stocks continue to get hit hard<\/p>\n<p>AI and chip-related stocks remain under heavy selling pressure. Lumentum leads the declines, falling 18.07% to $688.75, followed by Marvell, down 11.84% to $173.15, and Astera Labs, lower by 9.58% at $233.92.<\/p>\n<p>The selling extends beyond the chipmakers. Nebius is down 7.67%, CoreWeave has fallen 7.60%, and Western Digital is lower by 6.52%. Datadog, Credo and AMD are also down more than 6% each.<\/p>\n<p>Although parts of the Magnificent 7 are finding buyers, this broader AI and semiconductor basket tells a weaker story. Investors remain selective, and sellers continue to control the price action across much of the AI infrastructure trade.<\/p>\n<p>Of the names in the AI and chip sector, they break down into five separate industry groups:<\/p>\n<ul>\n<li>Semiconductors and connectivity chips: Intel, AMD, Marvell, Astera Labs and Credo. These companies supply processors or chips that move data within and between AI systems.<\/li>\n<li>Optical networking and photonics: Lumentum. Supplies optical components used in high-speed data-center connections.<\/li>\n<li>AI cloud infrastructure: Nebius and CoreWeave. Provide computing capacity and infrastructure for AI workloads.<\/li>\n<li>Data storage: Western Digital. Supplies hard drives used in data centers and other storage applications.<\/li>\n<li>Cloud software and monitoring: Datadog. Provides tools to monitor applications, cloud infrastructure and system performance.<\/li>\n<\/ul>\n<p>The breadth of the declines shows there are little in the way of winners in the broader groupl<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>the broader NASDAQ indices are now trading in negative territory. The NASDAQ composite Index was 362.46 point at session highs. It is currently trading down -56.28 points at 25380.\u00a0 The NASDAQ 100&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-441369","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441369","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=441369"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441369\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}