The Nasdaq 100 index fell for five consecutive days, and chip stocks came under pressure

Sina Financial News The Nasdaq 100 index hit the longest losing streak in more than a year, and large technology stocks continued to fall. The Nasdaq 100 fell 0.5% to 16,282.01 on Thursday. The index closed lower for the fifth day in a row, the longest on record since December 2022. The Philadelphia Stock Exchange’s semiconductor index, which includes Nvidia and Advanced Micro Devices Inc., fell 0.8%. Shares of self-driving technology provider Mobileye Global Inc. plunged nearly 25% after it released full-year revenue outlook that fell well short of Wall Street’s expectations, the biggest drop in its history. #Apple evaporates trillions of Market Cap# Apple fell for the fourth consecutive trading day, with a cumulative loss of more than 6%. Rising concerns about iPhone sales led to a second downgrade of the stock this week, making it the least bullish big tech stock on Wall Street.