How much did the Nasdaq lose over the week?

The Nasdaq lost approximately 3.5% over the week.

Which sectors benefited from this rotation?

Healthcare and utilities sectors benefited as investors moved into defensive assets.

Nasdaq Extends Losses to Fifth Day as Tech Stocks Slide

The Nasdaq posted its fifth consecutive daily loss on Friday, while the S&P 500 ended marginally lower, as AI-related chip stocks tumbled and investors rotated into defensive assets.

June 29, 2026

2 min read

Source: Zacks

The Nasdaq Composite extended its losing streak to five sessions on Friday, June 29, 2026, falling 1.2%, while the S&P 500 ended the session marginally lower, down 0.1%. The moves came as investors rotated out of major technology stocks and sought refuge in defensive assets.

Reasons Behind the Move

The decline was primarily driven by heavy selling in AI-related chip stocks, which had previously led market gains. Investors are reducing positions in heavyweight tech names like NVIDIA and AMD, shifting capital toward defensive sectors such as healthcare and utilities.

Context

Over the week, the Nasdaq lost approximately 3.5% of its value, marking its largest weekly decline in months. The selloff reflects growing concerns over elevated valuations in AI stocks and potential growth slowdown.

Similar Moves in the Sector

Healthcare stocks, including Eli Lilly (LLY), performed relatively better, rising 0.5% in the same session, as capital flowed into defensive sectors.

Frequently Asked Questions

Due to heavy selling in AI-related chip stocks and a rotation by investors into defensive assets.

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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.