Nasdaq-100 Corrects as Dow Rallies 575 Points Same Day

July 28, 2026: the Nasdaq-100 fell 1.34% to 27,662.31, touching a 10% drop from its recent high — what traders call a correction. Intel and Micron led the chip selloff. Meanwhile, the Dow gained 575 points and the S&P 500 closed up, as cheaper oil and broad gains offset the semiconductor slump. Bloomberg pointed to China's chip progress and growing "AI fatigue."