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Nasdaq loses 1.88 per cent as technology shares slide

The Nasdaq suffered its largest daily loss since July 23 at the October 14 close. Semiconductor shares extended their losing streak, and most major S&P 500 sectors fell. Market participants pointed to interest-rate concerns following the inflation release. Apple moved against the broader decline and finished above a five-trillion-dollar market value for the first time.

Economics & Markets··Morning
An empty trading room with a US flag and an illustrative red descending line without numerical data.

Technology selling pulls Nasdaq lower

US stock indexes fell at the October 14 close, with Nasdaq among the hardest hit and technology the weakest sector. The decline followed the September consumer-price release. Market participants were weighing the prospect of higher interest rates after that release.[1], [2]

The Nasdaq Composite lost 1.88 per cent to 26,692.87, its largest daily decline since July 23. The S&P 500 fell 1.11 per cent to 7,718.94, its steepest one-day drop since July 29. The Dow Jones Industrial Average slipped 0.09 per cent to 51,621.48.[1]

Semiconductors extend their losing streak

Eight of the S&P 500’s eleven sectors declined. Technology lost 2.6 per cent and communication services fell 1.78 per cent. The semiconductor index dropped 4.3 per cent, its sixth consecutive decline and longest losing streak since May 2025. Oracle fell 8.8 per cent, while CoreWeave lost 15 per cent and Nebius declined 10 per cent.[1]

Apple rises against the broader decline

Apple gained 0.5 per cent and closed above a five-trillion-dollar market value for the first time. Trading volume across US exchanges reached 18 billion shares. Nasdaq registered twenty-seven new annual highs against five hundred and twenty-one new lows.[1]

References

  1. News sourceReutersNasdaq falls 1.88% as technology selling broadens↩1↩2↩3↩4
  2. News sourceInvestradeNasdaq falls with US stocks at the October 14 close↩
Chip wars and the supply chainCentral banks and the rate cycleEnergy transition and climate

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