Dow falls 184 points as chip stocks pull back after record H1
Key takeaways
- Losses were spread across the major indexes, with the Dow Jones Industrial Average off 184 points, or 0.3%, the S&P 500 down 0.4%, and the Nasdaq Composite closing 0.6% lower.
- Among notable movers, Nvidia and Broadcom gave back roughly 3% and 2%, respectively, while Sandisk tumbled 8% — a pullback that still left it more than 850% higher for the first half of 2026, according to CNBC.
- The selloff came as investors took profits on semiconductor stocks after a strong six-month run.
Dow falls 184 points as chip stocks pull back after record H1 Dow falls 184 points as chip stocks pull back after record H1 · Quartz · Bloomberg / Getty Images Cris Tolomia Wed, July 1, 2026 at 9:02 PM GMT+7 2 min read SNDK SMH ^DJI ^GSPC NVDA U.S. stocks fell Wednesday as semiconductor stocks pulled back after a record-breaking first half of the year. Losses were spread across the major indexes, with the Dow Jones Industrial Average off 184 points, or 0.3%, the S&P 500 down 0.4%, and the Nasdaq Composite closing 0.6% lower.
Among notable movers, Nvidia and Broadcom gave back roughly 3% and 2%, respectively, while Sandisk tumbled 8% — a pullback that still left it more than 850% higher for the first half of 2026, according to CNBC. Micron retreated 6%, though its year-to-date advance stood at around 277%.
The selloff came as investors took profits on semiconductor stocks after a strong six-month run. Going back to its May 2000 launch, the VanEck Semiconductor ETF had never posted a stronger opening six months than the 82% it returned in the first half of 2026.