Nasdaq Composite at 25,164 on Election Day After a 1.07%…
By Rick Steves
AI summary of the source article
The Nasdaq Composite fell 1.07% to close at 25,164.32 on Monday as semiconductor stocks lost over $400 billion in market value. Meanwhile, the Dow gained 0.4% and Brent crude dropped about 7.6% to $104.77.
Key facts
- The Nasdaq Composite dropped 272.68 points, or 1.07%, to close at 25,164.32, driven by a selloff in chip stocks.
- Semiconductor stocks lost an estimated $400 billion-plus in market value in a single session.
- Brent crude closed about 7.6% lower at $104.77 following reports of renewed U.S.-Iran diplomatic talks.
Source excerpt · FinanceFeeds
The Nasdaq Composite closed Monday at 25,164.32, down 272.68 points, or 1.07%, as chip shares sold off again. Nasdaq’s historical index data confirms the closing level. The decline came as the Dow rose and the S&P 500 fell, leaving investors to weigh a sharp reversal in AI hardware against lower oil prices and Election Day uncertainty. The Nasdaq’s weakness was concentrated in chips Monday’s move…