Nasdaq Down Over 100 Points as Memory Stocks Decline: Fear & Greed Index Remains in ‘Neutral’ Zone
Key takeaways
- Nasdaq drops over 100 points on weak memory stocks, while the market sentiment remains neutral and earnings for major banks loom.
- Nasdaq fell 0.44% to 27,245.90
- S&P 500 fell 0.06% to 7,807.24
- Dow rose 0.9% to 51,850.55
What happened
The Nasdaq Composite fell 0.44% to 27,245.90, dropping over 100 points as memory stocks like SanDisk Corp. slid 6.0% and SK Hynix Inc. fell 4%. The S&P 500 slipped 0.06% to 7,807.24, while the Dow Jones Industrial Average rose 0.9% to 51,850.55. The CNN Money Fear & Greed Index stayed flat at 46, remaining in the neutral zone. Investors are watching earnings from JPMorgan Chase, Goldman Sachs and Citigroup.
Why it matters
The Nasdaq decline signals weakness in high‑growth tech names, especially memory chip makers, which can weigh on the broader index. A neutral Fear & Greed reading suggests sentiment is unchanged, so the market may be poised for a rebound or further pullback depending on earnings. The mixed sector performance—energy…
Short-term and longer-term
Short-term. In the next 24–48 hours, watch for earnings surprises from JPM, GS, and C, as any upside could lift the broader market and offset the tech weakness.
Longer-term. Over the coming weeks, the earnings reports from JPM, GS, and C will be critical in determining whether the market can recover from the tech pullback.