The Nasdaq is lower amid a selloff in chip stocks.
Portfolio Pulse from Benzinga Newsdesk
The Nasdaq is experiencing a downturn due to a selloff in chip stocks.
July 01, 2024 | 1:55 pm
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NEGATIVE IMPACT
The Nasdaq-100 ETF (QQQ) is likely to be impacted negatively due to the selloff in chip stocks, which are a significant component of the index.
The Nasdaq-100 ETF (QQQ) includes a substantial portion of chip stocks. A selloff in these stocks will likely lead to a decline in QQQ's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100