Nasdaq closes flat at 27,305 points: Micron jumps 5.6%, Arm falls 8%

Semiconductors Lead the Surge, Led by Micron and Nvidia

Micron Technology emerged as the standout performer of the session with a gain of 5.60% to $524.56. The memory manufacturer also lifted other major players in the chip sector. Nvidia rose by 4.00% to $216.61, while Intel gained 2.97% to $84.99. Beyond semiconductors, several tech stocks also performed well. Applovin Corp advanced 2.68% to $460.29, and Datadog increased by 2.46% to $132.66. In cybersecurity, Palo Alto Networks progressed 2.44% to reach $182.90. GE HealthCare gained 2.40% to $70.48, and Lululemon Athletica rose 2.18% to $146.94. Both classes of Alphabet's shares also recorded notable gains: Class C climbed 1.81% to $348.52, and Class A rose 1.72% to $350.34.

Arm Holdings plummets as AMD and several chipmakers come under pressure

Conversely, Arm Holdings experienced the steepest decline of the session, dropping 8.06% to $215.88. The British chip designer weighed on the semiconductor sector, which was already affected by other significant decreases. Advanced Micro Devices fell by 3.79% to $334.63, Marvell Technology by 3.71% to $158.21, and Lam Research by 3.10% to $259.47. NXP Semiconductors dropped 2.94%, closing at $236.87. Outside semiconductors, T-Mobile US lost 3.71% to $182.75, while Keurig Dr Pepper declined 3.66% to $28.15. The Trade Desk fell by 3.46% to $23.14, Atlassian by 3.26% to $69.22, and Charter Communications by 3.06% to $174.61.

A Mixed Session Reflecting Market Caution

The near stability of the Nasdaq at 27,305.68 points reflects investors' hesitation at the end of April. While the tech index managed to maintain its level, significant disparities between stocks in the same sector indicate increased selectivity. Semiconductors, a traditional barometer of Nasdaq's health, showed divergent performances, encapsulating the mixed mood of the session. In the absence of any major macroeconomic events or crucial corporate announcements, Wall Street moved in a waiting atmosphere, allowing sector movements to set the pace for the day.