Dow snaps three-day win streak as chip selloff drags S&P 500 and Nasdaq lower
Photo: Crypto Briefing
Semiconductor stocks led a broad pullback after Broadcom CEO Hock Tan compared AI investing to casino gambling and a Chinese memory maker reportedly made progress on new DRAM tech The Dow Jones Industrial Average’s winning streak ended at three on October 13, 2026. The blue-chip index slipped approximately 0.2-0.4%, or around 137-180 points, as a selloff in chip stocks pulled the broader market down with it. The S&P 500 and the Nasdaq Composite also edged lower. The trigger was an unusual one: a semiconductor CEO talking down the very trade that has made his industry rich.
Source: Crypto Briefing
