Nasdaq Composite ends 38 points lower as chip stocks slide
Published on 10/13/2026 at 22:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSChips and inflation dates
- Nasdaq Composite closed October 13 at 27,208 points, down 38 points or 0.1 percent.
- Chip selling and mixed bank earnings pulled the index lower as Applied Materials fell 8.6 percent.
- Applied Materials was among the session's biggest Nasdaq losers, down 8.6 percent.
- September CPI is due October 14 at 8:30 a.m. ET, with 3.7 percent headline consensus.
The Nasdaq Composite ended Tuesday at 27,208 points, down 38 points or 0.1 percent. Chip stocks extended their losses as investors assessed competition from China and mixed bank earnings, Reuters reported.
Applied Materials was among the session's biggest losers, falling 8.6 percent. Micron Technology also declined 5.3 percent, while Meta Platforms gained 2.7 percent, according to same-session market movers.
Why did Nasdaq Composite fall on Tuesday?
Semiconductor shares remained under pressure after reports of advances by Chinese memory-chip maker CXMT. Reuters said Micron Technology and Applied Materials fell sharply, while Broadcom rose.
Mixed bank results added to the crosscurrents. Citigroup dipped and Goldman Sachs rose after both topped profit estimates, while Wells Fargo fell after its net interest income missed expectations, Reuters reported.
Nasdaq Composite winners and losers
Winners and losers at 4:11 p.m. ET, as listed by 247WallSt, included:
- Charter Communications up 3.7 percent
- Meta Platforms up 2.7 percent: social-media shares rose after an AI product and analyst-price-target update
- Applied Materials down 8.6 percent: chip stocks faced renewed selling pressure
- Micron Technology down 5.3 percent: memory-chip competition concerns weighed on the sector
Nasdaq Composite closes near 27,208 points
The Nasdaq provider listed a high of 27,278 points and a low of 27,116 points for October 13. Its closing data showed a previous close of 27,246 points and a net change of minus 38 points, Nasdaq said.
The next session will test whether chip selling persists after the index's decline. The market also enters Wednesday with inflation and Federal Reserve communication ahead.
What comes next for Nasdaq Composite
- October 14, 2026, 8:30 a.m. ET: September Consumer Price Index data are due, with 3.7 percent headline and 2.5 percent core inflation consensus, Charles Schwab reports.
- October 14, 2026, 2:00 p.m. ET: The Federal Reserve Beige Book is scheduled for release alongside earnings from major financial and technology companies, Charles Schwab reports.
