Nasdaq Slides 2% as Chip Stocks Drop, Yields Rise; AMD, Intel Lead Sell-Off

The Nasdaq Composite slid 2% in Friday trading as a broad sell-off in semiconductor stocks and rising bond yields weighed on technology shares. AMD and Intel were among the biggest decliners, dragging the sector lower. The tech-heavy index fell sharply, reflecting renewed investor anxiety about the outlook for growth stocks in a higher interest rate environment.

Chip stocks have come under pressure amid growing uncertainty about demand for semiconductors, particularly in the consumer electronics and automotive sectors. Rising bond yields further dampened risk appetite, as investors recalibrated expectations for interest rates. The 10-year Treasury yield climbed to multi-week highs, making growth-oriented tech stocks less attractive. Higher yields reduce the present value of future earnings, which is a key factor for high-valuation tech companies. The sell-off in semiconductors was led by AMD and Intel, with other major chipmakers also declining. Live commodities prices and charts on NowPrice show how the market is reacting to these cross-asset moves, providing real-time data on gold, oil, and other key commodities.

Traders will now focus on next week's economic data, including the consumer price index and producer price index reports, which could influence the Federal Reserve's policy path. Any further rise in yields may deepen the sell-off in tech stocks, while a cooler inflation reading could provide relief. Key support levels for the Nasdaq will be closely watched, as a break below recent lows could signal further downside. The market is also monitoring corporate earnings and geopolitical developments for additional catalysts.