Stock Market Today: Nasdaq Logs Longest Daily Losing Streak Since 2022

The tech-heavy index closed lower for a fifth straight session as Mobileye and Walgreens Boots Alliance spiraled.

closeup of stock chart with red and green bars
(Image credit: Getty Images)

It was a mixed finish for stocks Thursday as investors took in the latest jobs data. While financials outperformed, tech shares lagged as ugly guidance from Mobileye Global (MBLY) sent shockwaves across the semiconductor industry. 

Mobileye shares plummeted 24.6% Thursday after the company, which makes processors for self-driving cars, said it expects first-quarter revenue to fall 50% year-over-year due to "excess inventory at our customers" to the tune of 6.7 million chips. Analysts had been expecting MBLY to report top-line growth of 12.6% in Q1.  

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.