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By Felice Maranz

July 27, 2026 at 7:12 AM EDT

Updated on July 27, 2026 at 11:50 AM EDT

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US stocks fell on Monday, erasing an early morning rally as chipmakers weakened, putting the Philadelphia Semiconductor Index on pace for its third consecutive session of declines.

The Nasdaq 100 Index was down 1% at 11:49 a.m. in New York. Earlier, it touched its lowest intraday level since May, near correction territory. The Philadelphia Semiconductor Index fell as much as 5.1%. The S&P 500 Index declined 0.3%.

Read Original at Bloomberg.com