Tech Stocks Drop 10% While Dow Soars 575 Points Same Day

On July 28, 2026, the Nasdaq-100 — a tech-heavy stock index — dropped 1.34% to 27,662.31, briefly down 10% from its recent peak. That 10% fall signals what Wall Street calls a "correction." Chipmakers Intel and Micron led the slide. Yet the Dow rose 575 points and the S&P 500 ended higher, as falling oil prices and widespread gains offset tech losses. Bloomberg cited China's chip advances and "AI fatigue."