Dow Jumps 600 Points As Nasdaq Slides On Chipmaker Selloff
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- Dow Jones rallied approximately 600 points, boosted by strong corporate earnings — including from Coca-Cola — and a steep decline in oil prices.
- Nasdaq slid as chipmakers plunged, with Amkor notably tanking amid the sector-wide selloff that dragged the tech-heavy index lower.
Why it matters: The session exposed a sharp divergence: the Dow surged on blue-chip earnings strength and falling oil while the Nasdaq fell on a chipmaker rout — a rotation away from semiconductors toward defensive, earnings-driven names that traders will look to confirm in the next session.
