What Happened Today, Monday August 10, 2026, 5:00 PM ET close
Wall Street Opens the Week Softer as Chip Stocks See Profit-Taking
Semiconductors cooled off while money kept flowing into big tech, leaving the major averages slightly red on light summer volume.
ES and NQ at the close
NQ, Nasdaq 100 futures
29,764.25
-0.24% on the day
Day range 29,718.75 to 29,984.00
ES, S&P 500 futures
7,777.25
-0.03% on the day
Day range 7,763.00 to 7,798.00
How did our Futures Trading Algo Do Today?
Trades
1
ES/NQ/RTY/BTC ยท live + forward-test
Result
-$31.7
net for the day
Discipline
One short, one small loss, and the book moved on without chasing it back.
Our automated book took a single trade today, an MZ_ES_asia_sess_5m short on the S&P 500 that closed for a loss of about 32 dollars. That was both the best and worst setup of the day since it was the only one that fired, leaving the net result at negative 31.70 dollars. A quiet, one-and-done session that kept size honest and avoided overtrading a slow tape.
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SPY and QQQ
The story
The major averages leaned slightly lower on Monday as the new week got underway on light summer volume. The S&P 500 was essentially flat, off about 0.03 percent, while the Nasdaq 100 gave back about 0.24 percent as investors trimmed positions in semiconductor stocks after a strong run. Money did not leave tech entirely, with inflow data showing Wall Street still leaning into the group even as chip names cooled. It was a low-drama start to the week rather than any sign of real stress.
The MAG7 and the megacaps
Big tech was mixed to slightly soft, which is why the Nasdaq 100 lagged the broader S&P 500. Semiconductor stocks saw some profit-taking after their recent gains, and a JPMorgan call warning that the memory chip crunch could last two more years added to the choppy tone in the group. At the same time, fresh inflow data suggested plenty of investors still want exposure to the largest tech names, so the pullback looked more like a breather than a change of heart.
After the bell
Chip stocks see profit-taking
After a strong stretch, semiconductor ETFs saw investors book gains and rotate toward the broader QQQ, according to etf.com. That rotation weighed on the Nasdaq 100 even as the overall market held steady.
Memory chip crunch warning
JPMorgan said the memory chip shortage could last two more years, per a Yahoo Finance video segment. Longer supply tightness can help pricing for some chipmakers but also signals ongoing strain across the supply chain.
Tech still has believers
Inflow data showed Wall Street continues to put money into tech stocks, Yahoo Finance reported. That steady demand helped cushion the averages and kept the day's dip shallow.
Earnings movers
Plug Power stock jumped on improving margins and raised revenue guidance, while NXP Semiconductors was a reminder of the sector's swings after dropping 18.5 percent in July. Individual results kept single names busy under a quiet index surface.
Crypto
Bitcoin pulled back with the rest of the risk crowd, sliding about 1.22 percent to close near 64,056 dollars. It traded as high as roughly 65,278 and as low as about 63,765 during the session, a fairly contained range. The move mostly tracked the softer mood in stocks rather than any single crypto headline.
Into the night
The overnight and early tone was calm, with S&P 500 futures holding a tight band between about 7,763 and 7,798. Nasdaq 100 futures were a touch heavier, ranging from roughly 29,719 to 29,984. There were no major overnight shocks, so the session opened close to where it settled and stayed range-bound into the close.
What is coming next
S&P 500 (ES)
7,777.25
Nearly flat; watch 7,763 support and 7,798 resistance
Nasdaq 100 (NQ)
29,764.25
Down 0.24 percent; range 29,719 to 29,984
Bitcoin
64,056
Off 1.22 percent, tracking softer risk mood
Chip sector
Rotation
Profit-taking vs. QQQ inflows is the tug of war to watch
With the indexes coiled in a tight range, the near-term question is whether chip profit-taking deepens or whether steady tech inflows keep pulling money back in. Keep an eye on the S&P 500 levels around 7,763 and 7,798 as a simple guide to the day's mood, and watch how semiconductors trade relative to the broader Nasdaq 100. Bitcoin near 64,000 is a useful gauge of overall risk appetite heading into the week.
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We send market moving news the moment it hits, straight to Telegram, Discord and X. Then this recap pulls the day together every evening: ES and NQ, the MAG7, crypto, and what is next.
Educational market recap, not financial advice. Futures and options trading carry substantial risk of loss. Prices reflect the 2026-08-10 session close; charts are live and interactive. Always verify before acting.