India, July 27 -- The NASDAQ Composite Index (^IXIC) is trading at 24,848.68, down 0.51% (-127.15 points) as of late morning on Monday, July 27, 2026. While the broader markets initially surged at the opening bell due to a steep drop in geopolitical tensions, the tech-heavy index reversed its gains as a heavy sell-off in chip and semiconductor stocks resumed.

Market Snapshot

Open: 25,236.19

Day Range: 24,774.87 - 25,261.91

Previous Close: 24,975.82

Volume: 2.97 billion shares traded

NASDAQ Today: Key Market Drivers

Chip Stock Pressure: Semiconductor and AI infrastructure equities are facing renewed friction. Reports that a Chinese state-backed firm has begun mass-producing domestic DUV lithography machines hit companies like ASML a...