Nasdaq Rises as Oil Slide, Post-Earnings Offset Chip Weakness

By EC Assets · Published 28 July 2026

The Nasdaq Composite turned positive today, as an extended decline in oil prices and post, earnings trading helped to counterbalance weakness in chip stocks. The technology, heavy index had earlier pared losses despite a sell, off in semiconductor companies. The S&P 500 and Dow Jones Industrial Average both advanced. Chip stocks experienced a slide in both the US and Asia, with investors reportedly rattled by artificial intelligence (AI) jitters. AMD, Micron, and Nvidia extended their losses. The Nasdaq, 100 specifically entered correction territory. The Nasdaq had previously fallen due to mounting AI worries ahead of pivotal earnings reports. Some crypto stocks rallied today, benefiting from a rotation of capital away from AI infrastructure. However, bitcoin miners lagged behind the broader crypto market surge. Meanwhile, Indonesian stocks staged a significant turnaround, reaching bull market status. This development followed the Indonesian stock market clocking a five, year low just last month. This article is intended for informational purposes only. It does not constitute investment advice.