📈 Stocks & Economy🌐 Global
US Chip Stocks Crash Hard on Tuesday, Dragging Nasdaq Down 3%
Yahoo! Finance·Tuesday, 9 June 2026
The Nasdaq fell 3% on Tuesday as chip stocks sold off sharply. The iShares Semiconductor ETF dropped nearly 8% in Tuesday morning trading. Major indexes had opened higher on hopes for a US-Iran deal but reversed course as tech stocks wiped out Monday's gains.
Why It Matters
Global chip stock swings affect technology funds and indices that many investors worldwide, including in India, hold in their portfolios.
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