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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China's chip industry is celebrating breakthroughs. Global stock markets are reacting sharply and concerns about an AI bubble are growing.
Chip rout weighs on oil optimism
US stocks were mixed Monday, as relief over falling oil prices was overshadowed by renewed anxieties in the AI trade. Oil fell nearly 6% after the US and Iran paused strikes, but a new round of Nvidia deals exceeding $750 billion fueled investor concerns over AI’s circular funding and excessive capex, along with broader turmoil in semiconductor stocks: ASML plunged after The Information reported that a Chinese state firm would mass-produce advan…
The New York stock market closed mixed despite a sharp drop in international oil prices, as selling pressure concentrated on the artificial intelligence (AI) semiconductor sector. On the 27th (Eastern Time), the Dow Jones 30 Industrial Average finished trading at 52,210.08, up 262.83 points (0.51%) from the previous trading day. The Standard & Poor's (S&P) 500 index rose 1.20 points (0.02%) to 7,413.18, while the technology-heavy Nasdaq...
The American stock exchanges closed in opposite directions on Monday, with some degree of volatility throughout the negotiations. The fall in chip and semiconductor stocks pressured the indices in a mostly positive session for risk assets due to the strong fall in oil prices amidst signs of diplomatic advances between the United States and Iran. The Dow Jones index closed at 0.51% high, at 52,209.69 points. The S&P 500 closed stable (+0.02%), at…
Mixed trends in indices, as oil's plunge was offset by pressure on semiconductor stocks after China's innovation demonstration - Barometer of the results of technology giants and the direction of interest rates
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