Stock Market Today, June 16: Nvidia, Broadcom, and Micron Technology Lead Drop in Nasdaq

The Nasdaq fell 1.15% on tech and chip weakness, with major semiconductor stocks like Nvidia, Broadcom, and Micron Technology declining due to profit-taking. The S&P 500 dropped 0.57%, while the Dow Jones rose 0.64% as investors rotated toward industrial, transportation, and financial sectors. CoreWeave surged nearly 10% on bullish analyst sentiment, while Robinhood Markets slid following layoff announcements. The Federal Reserve began its first meeting under new Chair Kevin Warsh.