--- title: "Chip Rout Drags Nasdaq 100, Oil Sinks Below $69: Stock Market Today" type: "News" locale: "en" url: "https://longbridge.com/en/news/290991783.md" description: "US stocks showed mixed performance on Friday as semiconductor and AI-related names cratered, dragging the Nasdaq 100 down 0.6%. Conversely, the Dow Jones and S&P 500 edged higher, supported by gains in software, healthcare, and defensive sectors. Oil prices sank below $69, marking a significant monthly decline, while gold rose slightly. Key movers included ON Semiconductor, which fell 21% following an acquisition deal, and Moderna, which surged 13.8%." datetime: "2026-06-26T16:22:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290991783.md) - [en](https://longbridge.com/en/news/290991783.md) - [zh-HK](https://longbridge.com/zh-HK/news/290991783.md) --- # Chip Rout Drags Nasdaq 100, Oil Sinks Below $69: Stock Market Today A fresh burst of selling in chipmakers and artificial-intelligence names dragged U.S. equities into mixed territory Friday, sending the tech-heavy Nasdaq 100 lower while a value-oriented Dow Jones clung to gains near record highs. Investors continued to question whether the industry’s massive AI spending can justify its lofty valuations. West Texas Intermediate crude tumbled 4.7% to around $68.55 a barrel, leaving the U.S. benchmark down nearly 23% for the month. This marks the worst monthly performance since March 2020 as traders look past the Hormuz headlines toward signs OPEC is restoring Iraq’s pre-war production allocations. The S&P 500 was roughly flat at 7,363, up about 0.1%, while the Dow Jones Industrial Average added around 61 points, also up 0.1% to near 51,982, supported by strength in software and other non-AI names.  The Nasdaq 100 underperformed, falling 0.6% to about 29,253 as the AI trade wobbled. Gold added 1.3% to around $4,081 an ounce, clawing back some ground despite remaining down roughly 8% for the month. ## Friday’s Performance In Major US Indices Index Last % Change S&P 500 7,363.43 +0.1% Dow Jones 51,982 +0.1% Nasdaq 100 29,253 \-0.6% Russell 2000 3,005.03 \-0.1% _Updated by 12:25 PM ET_ According to the Benzinga Pro platform: - The **Vanguard S&P 500 ETF (NYSE:VOO)** edged up 0.1%. - The **SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA)** gained 0.1%. - The **Invesco QQQ Trust (NASDAQ:QQQ)** slid 0.6%. - The **iShares Russell 2000 ETF (NYSE:IWM)** dipped 0.1%. ## Semiconductors Crater As Money Rotates Into Defensives Technology was the clear laggard, with the chip rout deepening across the complex. The **VanEck Semiconductor ETF (NASDAQ:SMH)** sank 3.4%, the worst-performing industry fund on the screen. By contrast, money rotated into software and defensives: the **iShares Expanded Tech-Software Sector ETF (NYSE:IGV)** jumped 3.2%, the **VanEck Gold Miners ETF (NYSE:GDX)** climbed 3.1% alongside firmer bullion, and the **iShares Biotechnology ETF (NASDAQ:IBB)** gained 2.6%. The epicenter of the selling was **ON Semiconductor Corp. (NASDAQ:ON)**, which cratered 21% after agreeing to acquire **Synaptics Inc. (NASDAQ:SYNA)** in an all-stock deal valued at roughly $7 billion. The damage spread across chip and AI-hardware names, extending pressure that has built since Broadcom’s recent AI-revenue guidance disappointed.  Optical and AI-networking suppliers **Lumentum Holdings Inc. (NASDAQ:LITE)** and **Corning Inc. (NYSE:GLW)** slid 8.4% and 7.8%, respectively, dragged lower in sympathy with the AI-infrastructure unwind. Memory names also stayed under pressure, with **Micron Technology Inc. (NASDAQ:MU)** reversing part of Thursday’s earnings-driven surge as worries built that AI infrastructure spending could slow. **Western Digital Corp. (NASDAQ:WDC)** fell 10.3%. Health care led the rebound, powered by **Moderna Inc. (NASDAQ:MRNA)**, which surged 13.8% – the day’s biggest gainer – after its annual Science Day presentation detailed a broadening pipeline of mRNA therapies extending well beyond vaccines into oncology and rare diseases. **AST SpaceMobile Inc. (NASDAQ:ASTS)** climbed 9.7% amid continued optimism around its Japan regulatory clearance and an upcoming satellite launch, with no single new headline confirmed for the session. ## Friday’s Russell 1000 Top Gainers Name % change **Moderna Inc.** +13.8% **ManpowerGroup Inc.** **(NYSE:MAN)** +10.2% **AST SpaceMobile Inc.** +9.7% **FactSet Research Systems Inc.** **(NYSE:FDS)**  +9.7% **Morningstar Inc.** **(NASDAQ:MORN)** +9.1% ## Friday’s Russell 1000 Top Losers Name % change **ON Semiconductor Corp.** \-21.0% **Western Digital Corp.** \-10.3% **Entegris Inc.** **(NASDAQ:ENTG)**  \-10.2% **Lumentum Holdings Inc.** \-8.4% **Corning Inc.** \-7.8% _Image: Shutterstock_ ### Related Stocks - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - 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