A selloff in semiconductor stocks brought the Nasdaq Composite to its worst day since April.
Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April.sank nearly 7% on Monday, building on a 4% decline from last week. Other connected semiconductor and artificial intelligence names fell, with" Monday that the summer is typically a tough time sector, noting that the third quarter typically registers as the worst period for the industry.
"The good news is I think Nvidia is still in the long-term uptrend," he said."I think these corrections probably prove to be buyable. You just have to temper that sentiment."on Tuesday as the season nears its end. Consumer confidence for June, the Richmond Fed Index, and home price data are also on deck ahead of Friday's personal consumption expenditures price index release for May.Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
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