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Markets

Nasdaq 100 drops 3 percent as S&P 500 falls 1.3 percent

The Nasdaq 100 index extended its decline to 3 percent while the S&P 500 dropped 1.3 percent. Bitcoin traded at $78,863, down 0.54 percent.

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Stock futures mixed as chip stocks fall and banks rise

US futures were mixed Thursday morning with financials and Big Tech gaining while semiconductors declined. Qualcomm dropped 10.74 percent on weak sales, and UBS warned that construction pauses could impact 30 percent of 2028 data center capacity.

QCOM-9.7%

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