The brief market update points to renewed pressure on technology shares, with semiconductor names weighing on the index during the session.
The Nasdaq 100 fell more than 1% on the day as chip stocks retreated, signaling fresh weakness in a technology-heavy benchmark that is often sensitive to moves in semiconductor shares. The update identifies the pullback in chip makers as the main driver of the decline, underscoring how concentrated pressure in a key growth segment can drag the broader index lower.