India, July 7 -- The US stock market witnessed a mixed session on Tuesday, with the Nasdaq Composite plunging more than 1.5% as semiconductor stocks came under intense selling pressure. Weak sentiment surrounding AI infrastructure spending, triggered by Samsung's earnings outlook, weighed heavily on technology shares. Meanwhile, the Dow Jones Industrial Average outperformed, climbing to a fresh record high as investors rotated into defensive and cyclical sectors such as healthcare, financials, and consumer staples.

US Market Snapshot

Nasdaq Today

The Nasdaq Composite suffered broad-based losses as investors aggressively sold semiconductor and AI-related stocks.

The sharp decline followed concerns that global demand for AI infrastructu...