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Chip stocks slide as Nasdaq dips slightly amid tech earnings ahead
The Nasdaq composite fell 0.2%, while the Dow industrials gained 0.5% on a mixed session as investors looked toward major upcoming tech results.
Chip-related shares pulled lower in a mixed market session, according to WSJ Markets, with traders turning attention to the next wave of tech earnings.
Major US indexes moved in opposite directions, the Nasdaq composite down 0.2% and the Dow industrials up 0.5%.
The report framed the decline in chip stocks as part of a broader pause ahead of a busy week for tech earnings.
Latest closeNasdaq Comp. 24,932.08 ▼0.2%|Dow Jones 52,210.08 ▲0.5%
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