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Wall Street Slips as Chip Rout Extends, Netflix Slides
Dow E-minis fell 352 points as chip stocks slid and Netflix forecast weaker third-quarter revenue and earnings, Reuters said.
- Wall Street futures fell on Friday, July 17, 2026, as a deepening selloff in semiconductor stocks and weak guidance from Netflix pressured major indexes.
- Following a blistering run that lifted indexes to record highs, investors retreated from crowded semiconductor trades as worries over the scale of AI-related spending resurfaced.
- Shares of Micron Technology Inc. and Advanced Micro Devices Inc. fell by more than 5% each, while the iShares Semiconductor ETF dropped nearly 3%.
- Netflix shares dropped more than 11% following disappointing third-quarter revenue forecasts, driving the CBOE Volatility Index to a more-than-one-week high of 18.53.
- Economic data scheduled for release today includes June Industrial Production and Capacity Utilization at 9:15 a.m., followed by the University of Michigan Consumer Survey at 10:00 a.m.
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right3Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
13%
C 50%
R 37%
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