The NASDAQ index is currently down 430 points or -1.96% at 21,500. That takes the price below the low price from last Friday’s trade at 21,522.75. It also takes a price to the lowest level since September 4.
The next major target area comes between 20,931 and 21,033 (swing lows from September 2 and August 19. Below that truth would look toward 21,573 (swing low from July 30) and the 38.2% retracement of the move up from the April 2025 low. That level comes in at 20,491.
Technology stocks have been particularly hard-hit today, along with industrials. Among the bottom 20 stocks in the S&P 500 today, 13 come from the technology sector — largely semiconductor and electronics firms. The overarching driver is the ongoing U.S.-Iran war and its ripple effects on global supply chains and energy prices.
Key Stories by Stock
Ciena (CIEN) -10.58% — The biggest loser on the list. Shares fell after an insider sale spooked investors — SVP Brodie Gage sold 5,000 shares at around $405, a 9.74% reduction in his position — on top of the broader tech selloff.
Lam Research (LRCX) -9.11% — Shares fell on concerns about potential supply chain disruptions for key chipmaking materials. South Korean officials highlighted the risk that the Iran conflict could interrupt the supply of helium, which is critical for managing heat during semiconductor manufacturing and has no viable substitutes.
Meta (META) -8.14% — A double hit today. A California jury found Meta liable for contributing to the depression and anxiety of a woman who used social media compulsively as a child, awarding $6 million in damages with Meta on the hook for 70%. Separately, Meta is also laying off several hundred employees.
Micron (MU) -7.33%, AMD -6.79%, SMCI -8.61%, WDC -7.10%, INTC -6.25%, TSM -5.67% — All caught in the same semiconductor wave. Rising energy costs from the Iran conflict are hitting South Korean memory fabs — key customers for many of these companies — which cascades into equipment makers and chipmakers alike. This is happening even as many of these firms recently reported strong fundamentals.
DJT -5.17% — Trump Media continues its recent slide with no specific catalyst today beyond the general risk-off mood and that the company makes no monetary, but is a sounding board for Pres. Trump.
