Wall Street suffers steepest drop in a month as tech stocks slide, gold falls, oil rises
On September 23, U.S. stock indices fell sharply, with the S&P 500 dropping nearly 0.8% in its largest single-day decline in over a month. The tech-heavy Nasdaq fell 1.13%, and the "Magnificent Seven" tech index dropped 1.18%, led by a 3% decline in Google. Semiconductor and optical communication stocks also fell broadly. In commodities, international gold prices declined while oil prices rose. Analysts attributed the tech selloff to interest rate pressures on valuations rather than a change in AI industry trends.
IllustrationEditorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
Wall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stock markets declined sharply, with the S&P 500 falling nearly 0.8% in its largest single-day drop in over a month. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly fell, with SanDisk, SK Hynix, and Corning each losing over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities commented that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and they remain bullish on tech and communication services if rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted that rate hikes are suppressing gold prices in the short term, but advised investors to buy on dips given long-term U.S. debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and U.S. policy uncertainty forming a price floor, and said a rebound is possible if Middle East tensions ease.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stock markets fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Analysts offered mixed outlooks: Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations but remain bullish on tech and communications services as long as AI revenue continues to materialize. Zhongtai Securities suggested gold may see short-term corrections but advised investors to focus on the precious metals sector long-term. Dayou Futures noted that precious metals are in a short-term volatile but consolidating state, with a potential upside if geopolitical tensions ease.
Read sourceWall Street Falls on Tech Weakness; Gold Dips, Oil Rises
On September 23, U.S. stocks fell sharply, with the S&P 500 posting its biggest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the NYSE FANG+ Index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities attributed the tech stock decline to interest rate pressures on valuations rather than a change in AI industry trends, maintaining a positive outlook on tech and communication services. Zhongtai Securities noted short-term gold price pressure from rate hikes but advised long-term investors to focus on precious metals amid U.S. debt uncertainties. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and policy uncertainty supporting prices, and suggested monitoring Middle East tensions for a potential restart of the upward trend.
Read sourceShow 17 older updatesHide older updates
Wall Street Falls; Optical Communication and Memory Chip Stocks Decline
On September 23, U.S. stock markets fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, Corning, Coherent, and Ciena each falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities commented that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and they remain bullish on tech and communication services if rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted that rate hikes suppress gold prices in the short term but advised investors to focus on precious metals amid long-term U.S. debt concerns. Dayou Futures described the precious metals market as in a short-term consolidation phase, with prices supported by geopolitical risks and U.S. policy uncertainty, awaiting a potential rally if Middle East tensions ease.
Read sourceUS stocks fall; optical communication, memory chip stocks decline; gold drops, oil rises
On September 23, US stock indices fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell (London spot gold down 1.56%) while oil prices rose (WTI up 2.42%). Dongwu Securities attributed the tech stock weakness to interest rate pressures on valuations rather than a change in AI industry trends, maintaining a positive outlook on tech and communication services. Zhongtai Securities noted short-term gold price headwinds from rate hikes but advised long-term investors to focus on precious metals amid US debt concerns. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and US policy uncertainty supporting prices, and suggested a potential rally if Middle East tensions ease.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stock markets declined sharply, with the S&P 500 falling nearly 0.8%, its largest single-day drop in over a month. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly fell, with SanDisk, SK Hynix, and Corning each losing over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities commented that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and they remain bullish on tech and communication services if rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted that rate hikes are suppressing gold prices in the short term, but advised investors to focus on precious metals amid long-term U.S. debt uncertainties. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and U.S. policy uncertainty supporting prices, and said a rebound is possible if Middle East tensions ease.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stock markets declined sharply, with the S&P 500 falling nearly 0.8%, its largest single-day drop in over a month. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly fell, with SanDisk, SK Hynix, and Corning each losing over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities attributed the tech selloff to interest rate pressures on valuations rather than a change in AI industry trends, maintaining a positive outlook on tech and communication services. Zhongtai Securities noted short-term rate hikes are pressuring gold but advised long-term investors to buy on dips, citing structural U.S. debt issues. Dayou Futures described precious metals as in a short-term consolidation phase, with geopolitical risks and policy uncertainty providing a floor, and suggested the next move hinges on Middle East tensions easing.
Read sourceUS stocks fall, optical communication and memory chip stocks weaken, gold dips
On September 23, US stocks fell sharply, with the S&P 500 posting its biggest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Big Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities attributed the tech stock decline to interest rate pressures on valuations rather than a change in AI industry trends, remaining bullish on tech and communication services. Zhongtai Securities advised focusing on precious metals amid short-term gold price corrections, citing long-term US debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and US policy uncertainty supporting prices, and a potential rally hinging on easing Middle East tensions.
Read sourceUS Stocks Fall, Optical Communication and Memory Chip Stocks Decline
On September 23, US stock indices fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities attributed the tech stock decline to interest rate pressures on valuations rather than a change in AI industry trends, maintaining a positive outlook on tech and communication services. Zhongtai Securities noted short-term gold price pressure from rate hikes but advised long-term investors to focus on precious metals amid US debt concerns. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and policy uncertainty supporting prices, and advised watching Middle East tensions for a potential restart of the upward trend.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stocks fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and they remain bullish on tech and communication services as long as rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted that rate hikes are suppressing gold prices in the short term, but advised investors to focus on precious metals on dips due to long-term U.S. debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and U.S. policy uncertainty forming a price floor, and a potential rally if Middle East tensions ease.
Read sourceUS Stocks Fall, Optical Communication and Memory Chip Stocks Decline
On September 23, US stock indices fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities attributed the tech stock decline to interest rate pressures on valuations rather than a change in AI industry trends, maintaining a positive outlook on tech and communication services if rate hikes remain moderate and AI revenue materializes. Zhongtai Securities noted short-term gold price pressure from rate hikes but advised long-term investors to focus on precious metals amid US debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and US policy uncertainty supporting prices, and a potential rally if Middle East tensions ease.
Read sourceWall Street falls, tech and chip stocks slide, gold dips, oil rises
On September 23, US stocks fell sharply, with the S&P 500 posting its biggest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Semiconductor and optical communication stocks also weakened, with the Philadelphia Semiconductor Index down over 1%. Chinese stocks listed in the US fell, with the Nasdaq China Golden Dragon Index losing 1.43%. In commodities, international gold prices declined while oil prices rose. Analysts offered mixed outlooks: Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and remains bullish on tech and communication services as long as rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted that rate hikes are pressuring gold prices in the short term, but recommends buying on dips long-term due to structural US debt issues. Dafu Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and US policy uncertainty forming a price floor, and expects a potential rally if Middle East tensions ease and rate hike fears subside.
Read sourceWall Street falls, optical communication and memory chip stocks decline, gold dips
On September 23, U.S. stock markets fell sharply, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq Golden Dragon China Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Analysts offered mixed views: Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations but not changing AI industry trends, and remains bullish on tech and communication services if rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted short-term gold price pressure from rate hikes but advised long-term investors to focus on precious metals amid U.S. debt challenges. Dafu Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and policy uncertainty supporting prices, and a potential rally if Middle East tensions ease and rate hike fears subside.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, US stock markets declined sharply, with the S&P 500 falling nearly 0.8%, its largest single-day drop in over a month. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Semiconductor stocks fell broadly, with the Philadelphia Semiconductor Index down over 1%. Optical communication and memory chip stocks were notably weak, with SanDisk, SK Hynix, Corning, Coherent, and Ciena all falling over 3%. Chinese stocks listed in the US also fell, with the Nasdaq China Golden Dragon Index down 1.43%. In commodities, international gold prices fell while oil prices rose. Analysts offered mixed views: Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and remains bullish on tech and communication services if rate hikes are moderate and AI revenue materializes. Zhongtai Securities noted that rate hikes are pressuring gold prices in the short term but advised investors to focus on the precious metals sector amid long-term US debt concerns. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and US policy uncertainty providing a price floor, and suggested the market is poised for a potential rally if Middle East tensions ease.
Read sourceUS stocks fall, optical communication and memory chip stocks decline, gold dips
On September 23, US stock indices fell, with the S&P 500 posting its largest single-day drop in over a month, down nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Big Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and remains bullish on tech and communication services if rate hikes remain moderate and AI revenue materializes. Zhongtai Securities noted short-term rate hikes suppress gold prices but advised long-term investors to focus on precious metals amid US debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and US policy uncertainty forming a price floor, and a potential rally if Middle East tensions ease and rate hike fears subside.
Read sourceWall Street falls, tech and chip stocks slide, gold dips, oil rises
On September 23, U.S. stock markets closed lower, with the S&P 500 falling nearly 0.8% in its largest single-day drop in over a month. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Semiconductor and optical communication stocks broadly declined, with SK Hynix and SanDisk falling over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Analysts offered mixed outlooks: Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations but not changing AI industry trends, and remains bullish on tech and communications services if rate hikes stay moderate and AI revenue materializes. Zhongtai Securities noted short-term rate hikes are suppressing gold prices but advised long-term investors to focus on precious metals amid U.S. debt concerns. Dafu Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and policy uncertainty forming a price floor, and a potential rally hinging on easing Middle East tensions and reduced rate hike fears.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stock markets declined sharply, with the S&P 500 posting its largest single-day drop in over a month, falling nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the NYSE FANG+ Index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly fell, with SanDisk, SK Hynix, and Corning each losing over 3%. The Nasdaq China Golden Dragon Index fell 1.43%, with Alibaba and金山云 down over 4%. In commodities, international gold prices fell (spot gold down 1.56%) while oil prices rose (WTI up 2.42%). Analysts offered mixed outlooks: Dongwu Securities said rate hikes are pressuring tech valuations but not changing AI industry trends, and remains bullish on tech and communication services. Zhongtai Securities advised focusing on precious metals on dips, citing long-term U.S. debt challenges. Dayou Futures noted short-term gold volatility but said geopolitical risks and policy uncertainty are supporting prices, with a potential rally if Middle East tensions ease.
Read sourceWall Street Falls on Tech Weakness; Gold Drops, Oil Rises
On September 23, U.S. stock markets declined sharply, with the S&P 500 posting its largest single-day drop in over a month, falling nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Magnificent Seven' tech index dropped 1.18%, led by a 3% decline in Google. Optical communication and memory chip stocks mostly fell, with SanDisk, SK Hynix, and Corning each losing over 3%. The Nasdaq China Golden Dragon Index fell 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities attributed the tech stock weakness to interest rate pressures on valuations but maintained a positive outlook on AI-related tech and communication services, contingent on moderate rate hikes and continued AI revenue realization. Zhongtai Securities noted short-term rate hike pressures on gold but advised long-term investors to focus on precious metals given structural U.S. debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and U.S. policy uncertainty providing a floor, and a potential rally hinging on easing Middle East tensions.
Read sourceWall Street Falls on Tech Weakness; Gold Dips, Oil Rises
On September 23, U.S. stock markets declined sharply, with the S&P 500 posting its largest single-day drop in over a month, falling nearly 0.8%. The tech-heavy Nasdaq fell 1.13%, and the 'Big Seven' tech index dropped 1.18%, led by a 3% decline in Google. Semiconductor stocks broadly fell, with the Philadelphia Semiconductor Index down over 1%, and optical communication and memory chip stocks like SanDisk, SK Hynix, and Micron declining. Chinese stocks listed in the U.S. also fell, with the Nasdaq China Golden Dragon Index down 1.43%. In commodities, international gold prices fell while oil prices rose. Analysts offered mixed outlooks: Dongwu Securities said interest rate hikes are pressuring tech valuations but not changing AI industry trends, and remains bullish on tech and communications services. Zhongtai Securities advised focusing on precious metals during dips, citing long-term U.S. debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with the potential for a rebound if geopolitical tensions ease.
Read sourceWall Street Falls; Optical Communication and Memory Chip Stocks Decline; Gold Drops
On September 23, U.S. stock markets closed lower, with the S&P 500 falling nearly 0.8%, its largest single-day drop in over a month. The tech-heavy Nasdaq declined 1.13%, and the 'Big Seven' tech index fell 1.18%, led by a 3% drop in Google. Optical communication and memory chip stocks mostly declined, with SanDisk, SK Hynix, and Corning falling over 3%. The Nasdaq China Golden Dragon Index dropped 1.43%. In commodities, international gold prices fell while oil prices rose. Dongwu Securities stated that rising interest rates are currently pressuring tech stock valuations more than changing AI industry trends, and remains bullish on tech and communication services if rate hikes remain moderate and AI revenue materializes. Zhongtai Securities noted short-term gold price pressure from rate hikes but advised long-term investors to focus on precious metals amid U.S. debt challenges. Dayou Futures described the precious metals market as in a short-term consolidation phase, with geopolitical risks and policy uncertainty supporting prices, and suggested monitoring Middle East tensions for a potential restart of the upward trend.
Read source