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Nasdaq Falls Nearly 400 Points on Chip Selloff; Micron Drops 8-11% on June 23

Stocks Indices Macroeconomics

2026-06-23 16:32:20

BTC-2.87%

SOXX-6.93%

According to Bitcoin.com News, the Nasdaq Composite fell nearly 400 points to 25,766.67 on June 23, 2026, at 10:48 a.m. Eastern time, driven by a global semiconductor selloff led by memory chip weakness. Micron dropped 8-11% intraday to $1,073-$1,108 after closing Monday at $1,211.38, while the S&P 500 declined 58.83 points to 7,413.96. The Ishares Semiconductor ETF fell about 6%, with Intel down 7-8% and AMD declining 6%. Bitcoin traded at $62,451 (up 0.30% hourly but down 4.88% over seven days), while Ethereum fell to $1,661 (down 6.62% weekly).

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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