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At close · Wed, Jul 15, 2026
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Home›US Markets›Indices›Nasdaq drops sharply as chip stock slump outweighs TSM…

Nasdaq drops sharply as chip stock slump outweighs TSMC milestone

UnitedHealth shares rose after blowout earnings, while SpaceX traded below its IPO price.

Reported · Written up by our desk · Indices

The Nasdaq fell sharply as a slump in chip-related stocks offset support from a TSMC milestone, according to WSJ Markets.

In company news mentioned alongside the index move, UnitedHealth gained on blowout earnings, indicating strong demand for its results.

SpaceX, however, fell below its IPO price, highlighting mixed performance across major tech and healthcare names during the selloff.

Latest closeNasdaq Comp. 26,269.23 ▲0.6%

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Sources

WSJ MarketsNasdaq Falls Sharply as Chip-Stock Slump Overshadows TSMC Record

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