Nasdaq Composite falls 0.3 percent at midday as Micron slides
Published on 10/13/2026 at 18:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSChinese memory competition pressures chips
- Nasdaq Composite trades at 27,156 points, down 90 points or 0.3 percent at 11:49 a.m. ET.
- Memory-chip selling follows Chinese competition concerns, while the 10-year yield stands at 5.19 percent.
- Micron Technology falls 5.0 percent in morning trading as chip stocks weaken.
- US consumer prices are due October 14, 2026, at 8:30 a.m. ET, with 3.7 percent headline inflation expected.
The Nasdaq Composite was trading at 27,156 points on October 13, 2026, down 90 points or 0.3 percent at 11:49 a.m. ET. Memory-chip selling pressured technology shares as investors assessed stronger Chinese competition.
Micron Technology was down 5.0 percent in morning trading as the company faced pressure across the memory-chip group, 247WallSt reported.
Why is the Nasdaq Composite lower at midday?
Chinese memory maker ChangXin Memory Technologies reported progress on a new memory-cell design. The news raised competitive concerns for US chipmakers, CNBC reported.
Nasdaq's market page showed the index at 27,155.81, down 90.09 points or 0.33 percent at 11:49 a.m. ET, with volume of 2,674,909,160 shares, Nasdaq reported.
Yields and inflation keep technology stocks in focus
The 10-year Treasury yield stood at 5.19 percent, down 0.05 percentage point. Investors are also preparing for September consumer price data, with headline inflation expected at 3.7 percent and core inflation at 2.5 percent, Charles Schwab reported.
The session followed a 0.44 percent Nasdaq Composite decline on October 12. Semiconductor weakness also spread across global technology markets, while stronger bank earnings offered support elsewhere, the Associated Press reported.
What comes next for the Nasdaq Composite
- October 14, 2026, 8:30 a.m. ET: September Consumer Price Index data is due, with 3.7 percent headline inflation expected, Investopedia reports.
- October 14, 2026, 2:00 p.m. ET: The Federal Reserve is scheduled to publish its Beige Book, Charles Schwab reports.
