# NASDAQ leads stocks higher as tech-heavy index erases July losses in late-session rally > Source: > Published: 2026-07-09 19:19:51+00:00 # NASDAQ leads stocks higher as tech-heavy index erases July losses in late-session rally Semiconductor stocks bounce back after brutal profit-taking, with the Nasdaq Composite gaining roughly 1.1% on the day as chip names find their footing again The Nasdaq Composite surged approximately 1.1-1.2% on July 9, clawing back losses that had dogged the tech-heavy index since the start of the month. After a rough opening stretch to July that saw back-to-back declines, the index staged a decisive late-session rally powered by the same semiconductor stocks that had been dragging it down. The S&P 500 followed with a roughly 0.8% gain, while the Dow added a more modest 0.3-0.4%. ## Chips fall down, chips get back up The Nasdaq dropped 0.66% on July 1, closing at 26,040.03. Then it fell another 1.16% on July 7, landing at 25,818.69 as concerns about AI chip performance intensified. Micron Technology was the poster child for the volatility, dropping more than 10% in a single trading session during the selloff. But July 9 brought redemption. Major chipmakers including Micron, Nvidia, and Broadcom all participated in the rebound. Samsung and SK Hynix, key memory chip suppliers feeding the AI infrastructure buildout, also contributed to the recovery. The semiconductor sector had posted gains exceeding 80% in the first half of 2026 before hitting a wall in early July as traders locked in profits. ## SpaceX, oil, and the macro backdrop Adding fuel to the Nasdaq’s recovery was the upcoming inclusion of SpaceX in the Nasdaq-100, set for July 7 under new rules designed to accommodate mega-IPOs. The addition of Elon Musk’s rocket company to one of the world’s most-tracked indices is expected to pull in significant passive fund flows, since index funds tracking the Nasdaq-100 will need to buy SpaceX shares to match the benchmark. Meanwhile, declining oil prices provided a tailwind for the broader rally. Tensions between the US and Iran had been weighing on markets, but a softening in crude gave equities room to breathe. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).