The Nasdaq Composite continued its downward trajectory, falling 102.72 points, or 0.40%, to 25,715.97 at market open, extending losses from Tuesday's session when the index closed down 1.16% at 25,818.69. The broader decline reflects persistent weakness in U.S. equity markets, with chip stocks remaining under pressure and investor sentiment staying firmly in the "Fear" zone. The CNN Money Fear and Greed Index held at a reading of 43.5, down slightly from a prior reading of 44.

Market Performance

Tuesday's session saw the technology-heavy index weighed down by declines in the semiconductor sector. The index had already slipped 0.52% to 25,985.24 at the open before extending losses through the close. Most sectors on the S&P 500 closed Tuesday on a positive note, with health care, real estate, and energy stocks recording the biggest gains. However, information technology and industrials stocks bucked the overall market trend, closing the session lower. The Dow Jones Industrial Average closed lower by around 131 points to 52,925.15, while the S&P 500 fell 0.45% to 7,503.85.

Index Movement Summary

The table below captures the Nasdaq Composite's movement across Tuesday's session and the latest open:

Corporate Movers and Economy

On the corporate front, Crinetics Pharmaceuticals Inc. shares jumped approximately 99% after the company announced it will be acquired by Vertex Pharmaceuticals. Conversely, Rivian Automotive Inc. shares dipped 18% following an announcement of an offering of 75 million shares. On the economic data front, the U.S. trade deficit rose to $77.6 billion in May, compared to a revised $54.6 billion gap in April, with market estimates having anticipated a $78.5 billion shortfall. The latest gap was the largest since March 2025, driven by a 3.3% rise in imports to $395.3 billion. Investors are also awaiting earnings results from Helen of Troy Ltd., PriceSmart Inc., and Levi Strauss & Co.

The Nasdaq composite index unofficially closed higher, gaining 293.60 points, or 1.14%, to finish the session at 26,126.27. This marks a strong reversal from the prior session's unofficial close, where the index had declined 211.10 points, or 0.81%, to finish at 25,828.94. The latest close also partially recovers ground lost over recent sessions, following an earlier advance of 428.03 points, or 1.66%, to 26,248.17 in the session preceding the decline.

Market Performance Overview

The table below captures the Nasdaq's performance across recent sessions, illustrating the index's trajectory from its prior gains through the latest unofficial close:

The Nasdaq's latest unofficial close at 26,126.27 reflects a meaningful recovery in market sentiment following the prior session's broad deterioration. The index's gain of 293.60 points, or 1.14%, signals a return of buying interest after participants had adopted a cautious tone in the previous session. The latest close positions the index above the prior session's finish of 25,828.94, though it remains below the recent high of 26,248.17 recorded two sessions prior.