Nasdaq Drops as Tech and Chip Stocks Decline on June 16
On June 16, the Nasdaq Composite fell by 1.15% due to weakness in tech and chip stocks like Nvidia (NVDA), Broadcom (AVGO), and Micron Technology (MU). The S&P 500 also declined slightly while the Dow Jones Industrial Average rose for a fourth consecutive day.
Tickers: $AMD $AVGO $MRNA $MU $NVDA
Topics: AI infrastructure Dow Jones FDA approval layoffs Nasdaq S&P 500 tech stocks