How much did the Dow Jones rise?

The Dow rose 163 points, or 0.3%.

Was market breadth positive?

Yes, market breadth was solid for much of the afternoon, with advancing stocks outnumbering decliners.

Nasdaq Drops 1.3% as Mag 7 Selloff Hits Tech

The Nasdaq Composite dropped 1.3% on Monday as a broad selloff in big technology stocks (Mag 7) weighed on the index. In contrast, the Dow Jones Industrial Average rose 0.3% (+163 points) driven by strong industrial shares. The S&P 500 slipped 0.4% despite solid market breadth.

June 22, 2026

2 min read

Source: Barrons.com

Key Numbers

Nasdaq change

-1.3%

Dow change

+0.3%

S&P 500 change

-0.4%

Dow points

+163

U.S. stocks showed sharp divergence on Monday, June 22, 2026, as the Nasdaq Composite fell 1.3% amid a selloff in major technology stocks known as the "Mag 7." Meanwhile, the Dow Jones Industrial Average gained 0.3% (+163 points), supported by industrial names like Caterpillar (CAT).

Possible Reasons

The direct trigger was profit-taking in big tech stocks after a strong rally, which dragged the Nasdaq lower. In contrast, the Dow benefited from a rotation into value and defensive sectors such as industrials and energy.

Context

Despite the Nasdaq's sharp decline, market breadth was positive for most of the session, with advancing stocks outnumbering decliners. This suggests the move was selective rather than a broad market downturn.

Similar Moves in the Sector

Big tech stocks have faced similar pressure in recent weeks amid valuation concerns and potential interest rate hikes. Meanwhile, industrial stocks like Caterpillar have outperformed.

Frequently Asked Questions

The Nasdaq fell due to a selloff in big tech stocks (Mag 7), while the Dow rose as investors rotated into industrial stocks like Caterpillar.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.