Chip Stocks Pounded, NASDAQ Ailing

July 28,2026 8:21 AM EST

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Chip Stocks Pounded, NASDAQ Ailing

Futures tied to the NASDAQ Composite dropped in early trading Tuesday, as semiconductor names fell once again, with traders weighing the latest deluge of corporate earnings.

Futures for the Dow Jones Industrials barged ahead 390 points, or 0.7%, to 52,772, as strong earnings from Sherwin-Williams and Coca-Cola boosted the 30-stock benchmark.

Futures for the S&P 500 eked up 2.75 points, or 0.04%, to 7,451.25

Futures for the NASDAQ Composite dumped 205.25 points, or 0.7%, to 27,984.75. Seagate Technology and Astera Labs were also down on the day.

In Japan, the Nikkei 225 was pummeled 4% Tuesday, while in Hong Kong, the Hang Seng gained 0.4%.

Oil prices dipped $1.14 to $81.47 U.S. a barrel.

Gold prices dulled $50.00 to $4,027.00 U.S an ounce.

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