Software and Semis Fall Together

Software and semis sell off together at midday — the green sits outside tech

In this edition

The Midday 10 Tue, Sep 1, 2026 ~60 seconds 12:30 ET

A broad but uneven selloff by midday: both legs of tech are down — software three percent, semis behind it — while the green on the board sits outside tech, in defensives and a handful of non-tech Nasdaq names, and the Nasdaq-100 slips back below its 50-day average.

US midday, intraday quotes (delayed)

  1. Duolingo
  2. BWX Technologies
  3. Apple
  4. Axon Enterprise
  5. CrowdStrike
  6. JFrog
  7. ETF board
  8. QQQ 50-day average
  9. PANW / DELL after the close
  10. Software vs semis — morning call update

The ten lines

  1. 1

    UP Duolingo

    DUOL

    DUOL is up 5.94% to 157.17 by midday, the strongest move among the day's notable gainers. No specific catalyst is supplied, but the stock stands out against a broadly negative tape.

  2. 2

    UP BWX Technologies

    BWXT

    BWXT adds 3.83% to 158.13, finding buyers while industrials as a sector trade lower. The defense-adjacent nuclear services name is bucking its own sector's weakness.

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  4. 3

    UP Apple

    AAPL

    AAPL is up 2.85% to 325.87 by midday, a notable move for a mega-cap and one of the few large-tech names trading in the green. It is providing some cushion to indexes that would otherwise be reading worse.

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Further reading on Closelook

Ten lines on the US midday tape, not advice — an investment diary. Published every trading day at 12:30 ET. See The Morning 10 and the Daily Pulse.