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Stocks took a wild ride on Tuesday. Shares rose at the open before a midday selloff, then made up some ground toward the end of the session. The Nasdaq composite fell about 1%, and the S&P 500 declined 0.
D-Wave's valuation slumped as investors moved out of risky growth stocks today.
On June 9, 2026, takeover buzz and surging trading activity put this cross-border payments player at the center of fintech M&A.
The Dow Jones Industrial Average edged up 0.2%, and the Nasdaq composite sank 1%. Indexes swung lower after companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. The drops for AI stocks drowned out the benefit of lower oil prices, and most stocks in the S&P 500 rose.
The Nasdaq Composite reversed sharply at a key level on Tuesday in a move that suggests robots are running the market right now. Instead, the moves appeared to be driven by traders who implement technical analysis, chase momentum, and those who employ other quantitative analysis strategies such as commodity trading advisors. “May marked one of the strongest rebounds on record, with many indices posting historically strong 9-week rallies,” writes Mizuho’s Daniel O’Regan.
Tesla Under Pressure: Product Delays and Macro Shock Hit Shares
Monday's semiconductor rebound didn't last long. Apple's AI reveal and renewed chip weakness are dragging down the major indexes.
The Nasdaq is bouncing off its lows, but the market’s fear gauge is above a key level. The tech-heavy index is down 1.8% after falling more than 3.6%. The S&P 500 is down 0.9%. The Dow is down just 84 points, or 0.
Despite some recent volatility, Micron stock is still up well over 200% in 2026.
What does SpaceX's upcoming IPO have to do with Apple stock?
Major indexes had opened higher on hopes for a U.S.-Iran deal, then reversed as tech stocks wiped out earlier gains
AI Trade Weakens, Sending Nasdaq Lower
Chip stocks fell across the board, with the iShares Semiconductor ETF falling nearly 8% in Tuesday morning’s trade.
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