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Nasdaq Sinks 1.47% As Chip Stocks Slide And Iran Conflict Weighs On Markets
Semiconductor shares fell for a second session as investors weighed heavy AI spending, rising oil prices and higher Treasury yields tied to the Iran conflict.
- The Nasdaq Composite led market declines on Thursday, July 16, 2026, falling 1.47% while the Dow Jones Industrial Average slipped 0.20% to close at 52,552.97 amid chip sector weakness.
- Chip stocks retreated as the Philadelphia SE Semiconductor Index fell roughly 8.48% this week, even though Taiwan Semiconductor Manufacturing reported a 77% profit jump, with its own shares dropping more than 3%.
- Weekly jobless claims fell to 208,000, a positive labor signal, yet The CBOE Volatility Index, Wall Street's fear gauge, climbed 6% to 16.73, reflecting investor unease amid mixed economic data.
- The U.S. continued striking Iran amid the reescalated Strait of Hormuz conflict, pushing the 10-year Treasury yield to 4.557% and weighing on energy prices and broader market sentiment.
- UnitedHealth Group gained more than 5% after raising full-year guidance, while investors await Netflix's second-quarter earnings report for further signals on tech sector resilience amid selective market positioning.
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(New York = Yonhap News) Correspondent Lee Ji-heon = The New York stock market fell on the 17th (local time) as selling pressure on artificial intelligence (AI)-related semiconductor stocks continued.
·Seoul, Korea (the Republic of)
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The three major New York stock indices opened lower as strong selling pressure, centered on semiconductor stocks, continued. It appears that the armed conflict between the U.S. and Iran, now in its seventh day, also had an impact, amidst dampened investor sentiment due to intense selling pressure on semiconductor stocks. As of 10:08 a.m. on the 17th (local time), the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) was down …
Coverage Details
Total News Sources13
Leaning Left0Leaning Right4Center3Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
C 43%
R 57%
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