The Nasdaq composite index opened sharply lower, falling 449.63 points, or 1.75 percent, to reach 25,241.28 shortly after the market open. The decline signals significant selling pressure in the technology-heavy benchmark at the start of the trading session.

Market Movement at a Glance

The following table summarizes the Nasdaq's movement recorded after the market open:

The 449.63-point drop, representing a 1.75 percent decline, pushed the Nasdaq to 25,241.28, underscoring the breadth of the sell-off observed at the opening bell.

The Nasdaq Composite unofficially closed down 121.52 points, or 0.47%, at 25,715.68, reflecting continued selling pressure in the technology-heavy index. This latest close follows a volatile prior session in which the index staged a notable intraday recovery, paring losses from a post-open decline of 466.90 points, or 1.80%, to 25,415.05, before unofficially closing down just 8.43 points, or 0.03%, at 25,511.81. Investor sentiment, as measured by the CNN Money Fear and Greed Index, held at a reading of 43.50, down slightly from a prior reading of 44, reflecting continued caution in the market.

Session Performance Overview

The table below captures the Nasdaq Composite's movement across sessions, from earlier opens through the latest unofficial close:

Broader Market Context

Tuesday's session saw the technology-heavy index weighed down by declines in the semiconductor sector. 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.

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 were also awaiting earnings results from Helen of Troy Ltd., PriceSmart Inc., and Levi Strauss & Co.