FINNENCE ▪ THE WIRE FILE
THE WIRE · № 84846
Video▼ Bearish
Nasdaq drops 2% as chip and software stocks sell off
KINDVideo
DIRECTION▼ Bearish
SOURCES1
ENTITIES6
STORY SIZESTANDALONE
FIRST SEEN
LAST UPDATE
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
Broad chip, software and cybersecurity selling with a VIX jump signals risk-off rotation and de-risking.
Tech-led selloff pressures index breadth
CATALYST TO WATCH
Follow-through selling or dip buying
MAIN RISK
Dip buyers could reverse the move
FULL DISPATCH
Stocks slid on Friday afternoon, with the Nasdaq Composite down 2.37% and the S&P 500 off more than 1% as chip, software and cybersecurity stocks sold off. The Dow, which opened in the green, was down about half a percent. Yahoo Finance's Jared Blikre charts the damage: the VIX jumped about four poi
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
SUBJECTS&P 500 · ^GSPC
SUBJECTNasdaq Composite · ^IXIC
SUBJECTVIX Volatility Index · ^VIX
SUBJECTDow Jones Industrial · ^DJI
AFFECTEDSemiconductors ETF · SMH
AFFECTEDiShares Semiconductor ETF · SOXX
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
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→CORRELATIONshares ^IXIC
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←CORRELATIONshares ^IXIC
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KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.