The three major stock indices have declined for four consecutive weeks, with the Nasdaq plunging 2.38% in a single day.

【CNMO Technology News】On March 26, 2026, local time, the U.S. stock market experienced a comprehensive sell-off, with all three major indices suffering significant declines, led by technology and semiconductor sectors, as market panic spread.

On that day, the Nasdaq closed down 2.38%, finishing at 21,408.08 points, marking the largest single-day decline in nearly a month, and a cumulative drop of over 10% from the historical high on October 29 of last year, confirming entry into a technical adjustment zone. The S&P 500 index fell 1.74%, closing at 6,477.16 points, the largest single-day drop since January; the Dow Jones Industrial Average dropped 1.01%, closing at 45,960.11 points. Notably, the three major indices have declined for the fourth consecutive week, setting the longest losing streak since 2023.

Technology stocks became the "hard-hit area" in this decline. Among them, Meta plummeted nearly 8%, AMD fell over 7%, Intel and TSMC dropped over 6%, Nvidia fell over 4%, and Tesla and Google declined over 3%. Storage and optical communication concept stocks crashed even harder, with Applied Optoelectronics down nearly 15%, SanDisk and Lumentum dropping over 11%, and Micron Technology and Western Digital falling over 7%. Market analysts believe that Google’s release of the AI memory compression algorithm TurboQuant has impacted expectations for storage chip demand, which is the main reason for the significant drop in related stocks.

Chinese concept stocks were also not spared, with the Nasdaq Golden Dragon China Index falling 2.55%. Among them, XPeng Motors fell over 6%, Bilibili and Baidu dropped over 4%, and Alibaba and NIO declined over 3%.

In stark contrast to the stock market, energy stocks rose, with ConocoPhillips up over 3%, ExxonMobil, Chevron, and BP rising over 1%. In the commodity market, WTI crude oil rose 4.61% to $94.48 per barrel, and Brent crude rose 5.66% to $108.01 per barrel; while COMEX gold futures fell 3.85% to $4,376.9 per ounce, and silver futures dropped 6.22%.