Nasdaq 100 Drops, SanDisk Tumbles 6% as AI Trade Falters: Stock Market Today
Key takeaways
- AI‑infrastructure sell‑off pulled the Nasdaq lower, but energy gains and a modest Dow rise kept the market mixed.
- Nasdaq 100 fell 0.5% to 30,738
- S&P 500 up 0.1% to 7,817
- Dow up 0.5% to 51,897
What happened
The Nasdaq 100 fell 0.5% to 30,738 as a sell‑off in AI‑infrastructure names dragged the index lower, while the Dow edged up 0.5% to 51,897 and the S&P 500 rose 0.1% to 7,817. Oil prices rebounded above $93 a barrel, with West Texas Intermediate crude at $93.78 and Brent at $106.76. The decline in technology stocks was offset by gains in energy, financials and defensive sectors.
Why it matters
The tech‑heavy Nasdaq’s pullback signals weakness in AI‑related equities, which could weigh on broader market sentiment. Energy gains reflect renewed supply concerns after a reported Russia‑Ukraine ceasefire claim and Houthi attacks, adding volatility to commodity‑linked stocks. The mixed performance across sectors…
Short-term and longer-term
Short-term. Day traders should watch the Nasdaq for a potential rebound after the 0.5% dip, especially if AI names recover.
Longer-term. Over the next few weeks, investors may reassess exposure to AI‑infrastructure and memory stocks, given the recent 8–10% declines.