NAS100 (the Nasdaq 100 index) traded at 29,236.89 as of 13:20 (GMT+8) / 05:20 UTC on 8 July 2026, on the Vantage NAS100 CFD feed. That level sits almost exactly on the 200-period moving average, after a chip-sector slide pulled Wall Street’s tech benchmark sharply lower a day earlier. This piece reads the Nasdaq chart and the latest Nasdaq news, not where NAS100 goes next.

Key Points

• Nasdaq today: NAS100 trades near 29,236.89 as of 13:20 (GMT+8) on 8 July 2026, sitting almost exactly on its 200-period moving average after Tuesday’s Nasdaq price sell-off.
• The move followed a 1.8% decline in the Nasdaq 100 tied to a semiconductor rout after Samsung’s earnings missed steep expectations and a report said DeepSeek is developing its own AI chip.^1,2
• The RSI on the TradingView setup used for this analysis reads 47.95, below its own moving-average overlay at 52.32, in line with the recent softness in price.

What the chart is showing

The 15-minute Nasdaq chart used for this analysis printed a close of 29,236.89, down 6.36 points, or 0.02%, on the last completed bar, with volume of 416 on the Vantage CFD feed.

The broader trend has weakened. NAS100 reached a high near 30,300 to 30,400 in early July before rolling over, fell toward 29,300, then recovered above 29,900 by 5 to 6 July 2026. That recovery did not hold: a sharp decline starting 7 July 2026 took the index through both moving averages, briefly testing 29,100 before stabilising near the current level.

The 50-period moving average now reads 29,506.57 and the 200-period reads 29,237.95, per the TradingView setup used for this analysis. Price sits almost exactly on the 200-period line, well below the 50-period line, which is itself sloping down toward it.

The RSI (14, close) on the TradingView setup used for this analysis printed 45.15, with its moving-average overlay at 40.95, both in neutral territory between the 30 and 70 thresholds; the RSI trading below its own overlay lines up with the recent softness in price.

Why Nasdaq 100 slipped today

The move traces back to Tuesday’s NAS100 news cycle, when a renewed sell-off in semiconductor names opened with the VanEck Semiconductor ETF (SMH) down as much as 4.54% intraday before paring losses to close down more than 3%.^3,4 Samsung posted record quarterly profit that still missed steep expectations, while a separate report said DeepSeek is developing its own AI chip, raising concerns over future AI hardware demand.²

The Nasdaq 100 declined 1.8%, while SpaceX officially joined the index, and the Nasdaq Composite closed 1.16% lower at 25,818.69.¹ Micron closed down 4.7%, with KLA, Marvell Technology, Broadcom, and AMD also posting declines.⁴ That followed strong gains a session earlier, when the S&P 500, Nasdaq 100, and Dow had closed near record highs on Monday.⁵

The move also coincided with a shift in the rate conversation, after Federal Reserve Chair Kevin Warsh urged markets to focus on incoming data following a June jobs report showing 57,000 payrolls added versus 113,000 expected, unemployment at 4.2%.⁶ CME FedWatch data cited by Schwab on 6 July showed markets reduced expectations for a September rate hike, while OPEC+ agreed to raise production quotas for August amid early signs of recovery in Middle East shipping.⁷

Levels to watch

The table below covers the zones traders are monitoring on the Nasdaq index (NAS100) as of the cut-off time for this analysis. These are reference levels, not trade signals.

Table 1: Key levels as of 13:20 (GMT+8) / 05:20 UTC on 8 July 2026. Sources: TradingView, Vantage NAS100 CFD feed. Indicative only.

The 200-period moving average at 29,237.95 is in sharpest focus, with the index trading almost exactly on it; holding below it, or reclaiming it, would signal which side has the upper hand. The 50-period average near 29,506.57 has capped the last two recovery attempts, and 29,900 remains the range’s upper boundary since late June. See all stock market news today here.

What to watch next

US inflation data due shortly is the next catalyst for the Nasdaq index today, alongside Fed minutes and the start of earnings season, likely to keep volatility elevated in this year’s best-performing sector.⁸

Seasonality matters too: July 2026 has often been constructive for technology shares, though strength has not always persisted into August 2026.⁸ Traders are also watching whether Middle East shipping eases further, since any change could move oil prices and the inflation conversation steering technology sentiment.⁷

NAS100 has moved through several hundred points intraday around this week’s headlines, and this kind of chip-driven volatility can compress fast around earnings and AI-related news. Some market participants may monitor the 29,100 support area together with the 29,506 to 29,900 resistance zone as technical reference levels rather than fixed trading signals. Traders holding correlated semiconductor-linked share CFDs alongside NAS100 may want to review combined exposure, with Stop Loss discipline particularly relevant in fast-moving conditions like these.

Leverage is a double-edged tool that can scale both gains and losses in a fast-moving market, so position sizing relative to account equity is worth revisiting ahead of the next inflation print and earnings season.

RISK WARNING: CFDs are complex financial instruments and carry a high risk of losing money rapidly due to leverage. You should ensure you fully understand the risks involved and carefully consider whether you can afford to take the high risk of losing your money before trading.

Disclaimer: The information is provided for educational purposes only and doesn’t take into account your personal objectives, financial circumstances, or needs. It does not constitute investment advice. We encourage you to seek independent advice if necessary. The information has not been prepared in accordance with legal requirements designed to promote the independence of investment research. No representation or warranty is given as to the accuracy or completeness of any information contained within. This material may contain historical or past performance figures and should not be relied on. Furthermore estimates, forward-looking statements, and forecasts cannot be guaranteed. The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

References

[1] “Nasdaq 100 Falls 2% in Chip-Led Rout as Oil Climbs: Markets Wrap – Bloomberg” https://www.bloomberg.com/news/articles/2026-07-06/stock-market-today-dow-s-p-live-updates Accessed on 8 July 2026.

[2] “Stock market today: Dow, S&P 500, Nasdaq fall as Samsung, DeepSeek spark chip sell-off and oil rises – Yahoo Finance” https://finance.yahoo.com/markets/live/stock-market-today-sp-500-nasdaq-futures-slip-after-samsung-results-spark-chip-sell-off-223015294.html Accessed on 8 July 2026.

[3] “Stock Market Today (July 7, 2026): Chip Rout Continues as Samsung Earnings Fail to Turn Around Nasdaq, S&P 500 – TheStreet” https://www.thestreet.com/stock-market-today/stock-market-today-dow-jones-sp-500-nasdaq-updates-july-7-2026 Accessed on 8 July 2026.

[4] “Stock market news for July 7, 2026 – CNBC” https://www.cnbc.com/2026/07/06/stock-market-today-live-updates.html Accessed on 8 July 2026.

[5] “United States Stock Market Index – Trading Economics” https://tradingeconomics.com/united-states/stock-market Accessed on 8 July 2026.

[6] “Stock market today: Dow notches fresh record, Nasdaq slides as Tesla sinks, semiconductors extend decline – Yahoo Finance” https://finance.yahoo.com/markets/live/stock-market-today-thursday-july-2-223136955.html Accessed on 8 July 2026.

[7] “Stock Market Update: Open – Charles Schwab” https://www.schwab.com/learn/story/stock-market-update-open Accessed on 8 July 2026.

[8] “July Has Been a Slam Dunk Month for the Nasdaq-100 – CNBC” https://www.cnbc.com/2026/07/01/july-has-been-a-slam-dunk-month-for-the-nasdaq-100.html Accessed on 8 July 2026.