The Nasdaq fell more than 1.5% in the day. The Philadelphia Semiconductor Index fell 3.7%

According to Gate market data, the intraday decline in the Nasdaq expanded to more than 1.5%, and the S & P 500 fell 1%. The Philadelphia Semiconductor Index fell 3.7%, with Qualcomm falling 7.5%, Intel falling 3.6%, and Micron Technology falling 4%.