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Why is the Dow holding up while the Nasdaq sinks? Healthcare gains are offsetting the semiconductor carnage.
Yesterday the PHLX Semiconductor Index ended the session down 2%, but the Nasdaq closed in the green, up 0.6%. Today the chip index is down roughly 4.4%, but the Nasdaq is also trading lower, down 1%.
Retail Sales Come in Better-Than-Expected
Retail Sales cool as expected, Jobless Claims improve and Philly Fed shoots up 4x estimates.
Tech stocks have been lucrative, but they're creating a rare risk for the market.
Chip stock weakness was taking its toll on Thursday, and tech stocks were losing steam. The Nasdaq was down 0.6%, while the S&P fell 0.1%. The Dow looked for direction near the flatline. Memory chip stocks, like Western Digital and Micron, were some of the worst performers premarket though the chip space struggled broadly.
The Nasdaq composite is down more than 1% this morning. Here are the stocks on the index that are getting hit hard: 💾 Chips, memory makers: Sandisk, Micron, AMD, SK Hynix's ADRs, Intel, Western Digital, Seagate, Arm, Broadcom, Nvidia and Marvell are all deep in the red.
The KOSPI Composite Index fell 6.4%, which signals it could be a rough day for tech stocks. Chip stocks specifically had a rough go of it, which makes sense given the semiconductor industry's ties to Asia. Nasdaq futures were down 1% ahead of Thursday's opening bell.
News of the day for July 16, 2026
Wall Street looked set for a mixed open Thursday with further yo-yoing in technology stocks amidst a fresh batch of corporate earnings. Futures pointed to the Dow Jones opening 0.2%, while the S&P 500 was called down 0.2% and the Nasdaq looked set to bear the brunt of the selling, with...
US equity futures were mixed pre-bell Thursday as traders saw tech stocks trend downwards and the US
Wall Street futures pointed moderately lower pre-bell Thursday, as traders weighed tech issues and n
Wall Street closed higher on Wednesday as investors assessed mixed PPI data and solid second-quarter earnings reports.
Baidu (NASDAQ:BIDU) shares gained around 4% in premarket trading after the Chinese technology company announced plans to convert its Hong Kong listing into a dual primary listing, a move aimed at strengthening its presence in both Asian and US capital markets. Board approves listing conversionThe company’s board of directors has approved a proposal to voluntarily transition to a dual primary listing on the Main Board of the Hong Kong Stock Exchange.
Tech stocks looked set to struggle on Thursday as the artificial-intelligence trade ran out of steam, but some of the U.S.'s blue-chip names were still catching a bid ahead of the opening bell. Roundhill's Magnificent Seven exchange-traded fund, which tracks the price of seven mega-cap stocks, climbed 0.
July 16 (Reuters) - U.S. stock index futures were subdued on Thursday as investors paused after a two-day rally, while chip stocks remained under pressure ahead of fresh economic reports and another
The Federal Reserve may pivot to interest rate increases this year, a move that has often led to stock market corrections.