Live Nasdaq Composite: Markets Rise as Oil Prices Fall But Chip Stocks Drop on China's Competitive Threat
Oil prices fell 6.4% as the Dow rose 452 points, while ASML and Nvidia slipped after reports of Chinese DUV chipmaking progress.
- On Monday, July 27, 2026, stocks opened higher as Brent crude dropped approximately 6% to around $86.40 per barrel following a U.S.-Iran ceasefire agreement.
- Reports that state-backed ChangXin Memory Technologies began mass-producing domestic DUV lithography machines prompted semiconductor stocks to reverse their early gains.
- Shares of ASML Holding dropped more than 7%, while AMD SK Hynix sank 8.5% and Micron Technology lost roughly 5%, with Nvidia falling 4.3%.
- Mega-Cap software stocks counterbalanced semiconductor losses, with Alphabet reclaiming a $4 trillion market cap as investors await Microsoft and Meta Platforms earnings Wednesday.
- Wolfe Research warns the junk bond market looks worried after HYG fell 1% in July, as investors navigate an incoming Federal Reserve meeting.
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Falling oil prices make the buying mood of US investors grow. But not all industries benefit from this. Consumer goods manufacturers such as Coca-Cola can make significant leaps. Semiconductor values, on the other hand, are under pressure.
Sydney Morning Herald
ASX set to rise ahead of inflation data, oil prices extend slide; Apple becomes a $US5tr company
Most of Wall Street is rising even as stocks of computer chipmakers continue to tumble worldwide. Oil prices, meanwhile, are easing further from the two-month high they hit last week.
The Columbian
Most of Wall Street rises as oil prices ease, even as chip stocks keep dropping
NEW YORK — Most of Wall Street is rising Tuesday, even as stocks of computer chipmakers continue to tumble worldwide. Oil prices, meanwhile, are easing further from the two-month high they hit last week.
The fall in semiconductor values is worrying, but the decline in oil and the hope of de-escalation in the Middle East limit the damage. ...
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