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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 fell 1.47% on Thursday, July 16, 2026, while the Dow Jones Industrial Average slipped 0.20% to close at 52,552.97, as chip stocks came under pressure for a second consecutive session.
- Chip stocks retreated this week, with the Philadelphia SE Semiconductor Index falling roughly 8.48%, even as Taiwan Semiconductor Manufacturing reported a 77% profit jump and announced a $100 billion Arizona investment.
- Weekly jobless claims fell to 208,000, below expectations, yet The CBOE Volatility Index, Wall Street's fear gauge, climbed 6% to 16.73, reflecting mixed economic signals and market unease.
- Rising oil prices and Treasury yields weighed on sentiment as the U.S. continued striking Iran amid the reescalated Strait of Hormuz conflict, with the 10-year Treasury yield rising to 4.557%.
- Investors are awaiting Netflix's second-quarter earnings report for signals on the tech sector, while UnitedHealth Group gained more than 5% after raising full-year guidance, signaling resilient corporate fundamentals.
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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 Sources11
Leaning Left0Leaning Right4Center3Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
C 43%
R 57%
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