{"id":251726,"date":"2026-07-28T13:13:23","date_gmt":"2026-07-28T17:13:23","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=251726"},"modified":"2026-07-28T14:01:49","modified_gmt":"2026-07-28T18:01:49","slug":"nasdaq-slips-into-correction-territory-as-chip-selloff-worsens","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/","title":{"rendered":"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026"},"content":{"rendered":"\n
A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3. Despite the significant damage in the tech-heavy basket, driven by anxieties pertaining to capital return prospects, valuations, circular financing dynamics and Chinese competition, the Dow Jones Industrial and S&P 500 benchmarks are advancing, with the former especially benefiting from 9 of the 11 major sectors in the green. The cyclical trade is also being bolstered by tanking oil prices and plunging interest rates, with the retreats transpiring ahead of tomorrow afternoon\u2019s Fed decision, and that\u2019s helping the small-cap Russell 2000 rebound from morning turbulence. Renewed optimism about the ability for Tehran and Washington to negotiate a lasting peace deal has generated the drop in energy costs while weaker-than-expected economic data from both the ADP-weekly employment and Consumer Confidence fronts have added additional fuel to the Treasury rally. Broad price drops across the commodity complex alongside safe-haven demand stemming from AI weakness have supported gains for fixed-income assets too while weakening the greenback. Elsewhere, cryptocurrencies have bounced from earlier losses, prediction markets are catching bids and volatility protection instruments are becoming less expensive after buyers stepped in to capitalize on cheaper stocks.<\/p>\n\n\n\n
Hiring Decelerates to Worrisome Pace<\/strong><\/h3>\n\n\n\n
The deceleration in private sector hiring is beginning to reach worrisome levels, as ADP\u2019s high-frequency indicator has declined for five consecutive weeks. The 15k headline figure represents the average headcount additions in each of the four weeks during the period that ended July 11, pointing to a monthly run rate of around 65k and is threatening to fall to the critical area below 50k. The weakness, however, has more to do with cratering labor force participation rather than a lack of employee demand. Still, subdued payrolls as a result of a shrinking pool of prospects could lower productivity while placing upward pressure on wages, presenting a headwind to corporate profit margins. <\/p>\n\n\n\n<\/figure>\n\n\n\n
Lower Gas Fails to Prevent Confidence Decline<\/strong><\/h3>\n\n\n\n
Consumer confidence faltered this month even as an alleviation at the pump improved inflationary dynamics for families. The headline Conference Board figure of 90.8 was below the anticipated 92.3 and June\u2019s 92.2, as the sub-index of the present situation slipped to 114.9 from 118.5 while the expectations benchmark arrived at the flatline of 74.7. Household concerns remained focused on elevated prices, especially for energy and groceries, while worries about geopolitics and employment were more pronounced than during the preceding period. However, spending plans on discretionary services and big-ticket items rose in aggregate, supported by beliefs that the stock market will be higher over the next 12 months.<\/p>\n\n\n\n<\/figure>\n\n\n\n
Robust Appetites for Non-Tech Stocks, Bonds<\/strong><\/h3>\n\n\n\n
Animal spirits are thriving even as the tech sector is suffering brutal losses in recent weeks, with investors craving cyclical names and fixed-income assets instead of the ice-cold AI stocks. The bull market\u2019s resilience has been growing with time, as portfolio managers seem to have infinite levers to pull that can continue supporting advancing equity benchmarks in aggregate. Indeed, this session’s buoyancy is being underpinned by cooling geopolitical tensions and softer-than-expected economic data that has yields and the dollar cratering. Meanwhile, the path to stronger appreciation into year-end without the Mag7 and the semiconductors has widened in light of these ferocious bids for the Dow Jones Industrial Average and the Russell 2000, as old-economy shares are proving that they can offset the weakness from new-technology themes. Still, earnings in the next two days from 4 of the 7 magnificents could very well revive the momentum trade if at least a few of the firms show revenue strength and slower free cash flow degradation that together signal monetization progress resulting from monumental capital expenditures. Furthermore, today\u2019s correction in the Nasdaq 100 Index could mark the point at which traders say enough is enough, as participants dive back into the world\u2019s most prominent businesses at better valuations while perhaps becoming increasingly willing to look past lackluster short-term results.<\/p>\n\n\n\n
International Roundup<\/strong><\/h2>\n\n\n\n
Consumer Gloom Persists, but UK Sales Decline Slows<\/strong><\/h3>\n\n\n\n
The net balanced of UK retailers reporting a decline in sales volume for the year through July eased from June with the Confederation of British Industry (CBI) Distributive Trades Survey score of -26% moderating from -54%, but a sense of gloom still persists among shoppers, according to the latest Confederation of British Industry (CBI) Distributive Trades Survey. The score is calculated by subtracting the percentage of firms that experienced sales declines relative to the preceding year from the number of firms that generated sales growth. Despite the downbeat mood of individuals at cash registers, the survey was stronger than the economist consensus expectation of -45%. Retailers judged conditions to be poor for this time of year but to a lesser extent than in June. Retailers also reported declines in orders placed with their suppliers. On a positive note, automobile sales bucked the trend, with net balance of 57% of respondents reporting growth through July, the fastest pace since April 2024. In a press release, Martin Sartorius, the lead CBI economist, said consumer gloom and cost pressures are weighing on the sector. He called upon the country\u2019s new prime minister, Andy Burnham, to address rising labor costs and business tax rates that are a constraint on the industry\u2019s investment and growth.<\/p>\n\n\n\n
And Retail Inflatio<\/strong>n Eases<\/strong><\/h3>\n\n\n\n
UK shop price inflation as measured by the British Retail Consortium (BRC) Shop Price Index moderated from 1.2% year over year (y\/y) in June to 0.9% this month, which is lower than the three-month average of 1.1% and the economist consensus estimate of 1.1%. Fresh food was the only category to experience stronger inflation with prices up 3.1% y\/y in July following the 2.8% climb in June. July\u2019s result matched the three-month average.<\/p>\n\n\n\n
The following three categories, however, experienced easing inflation:<\/p>\n\n\n\n
\n
Ambient food, or food that doesn\u2019t require refrigeration, posted a 1.1 y\/y increase following June\u2019s 1.95% hike. The three-month average is 1.6%.<\/li>\n\n\n\n
Overall food inflation was 2.2% y\/y, down from June\u2019s 2.4% pace and below the three-month average of 2.4%.<\/li>\n\n\n\n
Non-food posted a 0.2% hike, easing from 0.6%. For this category, the three-month average is 0.4%.<\/li>\n<\/ul>\n\n\n\n
A wave of summer promotions for foods and other goods contributed to the easing sticker pressures. Additionally, retailers held snacks and alcoholic drink promotions during the World Cup, according to Helen Dickinson, chief executive of the BRC. Retailers also discounted clothing and footwear to prepare for the fall season. Higher computer chip prices and increased manufacturing costs, however, led to price pressures intensifying for electronic products and health and beauty items.<\/p>\n\n\n\n
AI Demand Pushes Up South Korea Consumer Confidence<\/strong><\/h3>\n\n\n\n
Optimism about the job market and strong demand for artificial intelligence technology in South Korea pushed consumer confidence higher in July despite recent stock market losses, the Middle East crisis and stronger inflation, according to the Bank of Korea\u2019s Consumer Confidence Index. The gauge climbed 0.2 points to 106.8 in July, the highest result in three months. The index depicts neutral confidence with a score of 100.<\/p>\n\n\n\n
On one hand, households said their living conditions have deteriorated, a result of ongoing inflation and declining equity valuations. On the other hand, consumers\u2019 views of the following items improved:<\/p>\n\n\n\n
\n
Future incomes<\/li>\n\n\n\n
Home price appreciation<\/li>\n\n\n\n
Inflation, with the one-year ahead expected rate falling from 2.8% to 2.7%<\/li>\n<\/ul>\n\n\n\n
Japan Core CPI is Steady Ahead of Central Bank Meeting<\/strong><\/h3>\n\n\n\n
The Bank of Japan\u2019s (BoJ) core CPI, which excludes volatile food prices, climbed 2.7% in June, matching the preceding month\u2019s print and lingering above the central bank\u2019s 2% goal. The release comes as the country\u2019s yen currency is nearing a 40-year low exchange rate with the US greenback, which has been fueling import price pressures. The BoJ currently maintains a 1% key interest rate, which is considerably lower than rates of other developed economies. The organization meets this week and will announce its decision regarding its key interest rate on Thursday.<\/p>\n\n\n\n
A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3. <\/p>\n","protected":false},"author":903,"featured_media":243882,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,12711,18,6,8,9,26,3],"tags":[15062,4876,4919],"contributors-categories":[13760],"class_list":["post-251726","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asia","category-ibkr-economic-landscape","category-macro","category-north-america","category-region","category-securities","category-text-articles","category-traders-insight","tag-adp-employment-report","tag-consumer-confidence-index","tag-tech-stocks","contributors-categories-ibkr-macroeconomics"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\n
Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026<\/title>\n<meta name=\"description\" content=\"A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/251726\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-28T17:13:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-28T18:01:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Jose Torres\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t },\n\t \"headline\": \"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026\",\n\t \"datePublished\": \"2026-07-28T17:13:23+00:00\",\n\t \"dateModified\": \"2026-07-28T18:01:49+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/\"\n\t },\n\t \"wordCount\": 1308,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/06\\\/semiconductors-red-featured-img.jpg\",\n\t \"keywords\": [\n\t \"ADP Employment report\",\n\t \"consumer confidence index\",\n\t \"tech stocks\"\n\t ],\n\t \"articleSection\": [\n\t \"Asia Pacific\",\n\t \"IBKR Economic Landscape\",\n\t \"Macro\",\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/\",\n\t \"name\": \"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026 | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/06\\\/semiconductors-red-featured-img.jpg\",\n\t \"datePublished\": \"2026-07-28T17:13:23+00:00\",\n\t \"dateModified\": \"2026-07-28T18:01:49+00:00\",\n\t \"description\": \"A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3.\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/ibkr-economic-landscape\\\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/06\\\/semiconductors-red-featured-img.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2026\\\/06\\\/semiconductors-red-featured-img.jpg\",\n\t \"width\": 1000,\n\t \"height\": 563\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t \"name\": \"Jose Torres\",\n\t \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026","description":"A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/251726\/","og_locale":"en_US","og_type":"article","og_title":"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026 | IBKR Campus US","og_description":"A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/","og_site_name":"IBKR Campus US","article_published_time":"2026-07-28T17:13:23+00:00","article_modified_time":"2026-07-28T18:01:49+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026","datePublished":"2026-07-28T17:13:23+00:00","dateModified":"2026-07-28T18:01:49+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/"},"wordCount":1308,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg","keywords":["ADP Employment report","consumer confidence index","tech stocks"],"articleSection":["Asia Pacific","IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/","url":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/","name":"Nasdaq Slips into Correction Territory as Chip Selloff Worsens: July 28, 2026 | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg","datePublished":"2026-07-28T17:13:23+00:00","dateModified":"2026-07-28T18:01:49+00:00","description":"A worsening chip selloff has sent the Nasdaq 100 into correction territory, as the gauge fell by over 10% from its all-time high reached on June 3.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/traders-insight\/ibkr-economic-landscape\/nasdaq-slips-into-correction-territory-as-chip-selloff-worsens\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg","width":1000,"height":563},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/06\/semiconductors-red-featured-img.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/251726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=251726"}],"version-history":[{"count":3,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/251726\/revisions"}],"predecessor-version":[{"id":251774,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/251726\/revisions\/251774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/243882"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=251726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=251726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=251726"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=251726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/07\/image-104.png\")
<\/figure>\n\n\n\n![\"\"](\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2026\/07\/image-105.png\")
<\/figure>\n\n\n\n