{"id":441664,"date":"2026-11-06T00:40:16","date_gmt":"2026-11-05T17:40:16","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-composite-breaks-the-july-low-in-5-5-rout-441664\/"},"modified":"2026-11-06T00:40:16","modified_gmt":"2026-11-05T17:40:16","slug":"nasdaq-composite-breaks-the-july-low-in-5-5-rout","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-composite-breaks-the-july-low-in-5-5-rout-441664\/","title":{"rendered":"Nasdaq Composite breaks the July low in 5.5% rout"},"content":{"rendered":"<div>\n<p>The rout is on in stock markets.<\/p>\n<p>The Nasdaq Composite broke the 200-day moving average at the open and it&#8217;s been non-stop selling from there. The index has now cut through the July low and is trading at the worst levels since April.<\/p>\n<\/p>\n<p>Nvidia is a major drag on the index and is now down 8.75% while Micron is getting destroyed, down 16.4%. I <a href=\"https:\/\/investinglive.com\/stocks\/memory-names-getting-smoked-micron-breaks-the-july-low-in-12-drop\/\" rel=\"follow\">wrote <\/a>about the reasons for the selloff in MU earlier.\u00a0<\/p>\n<p>Meanwhile, shares of Apple are being seen as something of a safe haven as they&#8217;ve avoided the AI boom. They&#8217;re down just 0.5% after hitting a 52-week high earlier. Berkshire Hathaway is also up 0.6% as its huge cash pile is seen as a possibility to deploy in a downturn.\u00a0<\/p>\n<p>Yesterday we saw large gains in Microsoft and Amazon but those have faded to a large extent, with losses of 3.4% and 4.4%, respectively.\u00a0<\/p>\n<p>Generally, this selloff is heavily concentrated in AI names and particularly those affected by the build-out. There is a rotation into names seen as less affected, with Walmart and Costco shares both strongly higher today.<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The rout is on in stock markets. The Nasdaq Composite broke the 200-day moving average at the open and it&#8217;s been non-stop selling from there. The index has now cut through the&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-441664","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441664","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=441664"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441664\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}