Nasdaq 100: Second -2% Day for Three Indexes in 2026
The Kobeissi Letter reports the Nasdaq 100, Semiconductor Index and S&P 500 Software Index each fell at least 2% yesterday, marking the second such day in 2026 after 14 similar sessions in 2025.
SourceAnalysis
Yesterday the Nasdaq 100 ($NDX), Semiconductor Index and S&P 500 Software Index each fell at least 2%, the second such trading day in 2026. The pattern follows 4 days in 2023, 5 in 2024 and 14 in 2025, well below the 34 sessions of the 2022 bear market or 48 after the 2000 dot-com peak. The Semiconductor Index has now posted its fourth correction in the last 135 days, the highest frequency since 2002.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.