Wall Street closes mixed as chip rout deepens, Apple and energy buck the selloff
Executive summary: US stocks finished lower in a broad risk-off session led by a sharp slide in semiconductor and tech shares, while Apple, Microsoft, energy and some defensive pockets outperformed. The Nasdaq Composite fell -2.9%, the S&P 500 lost -1.6%, and the Dow slipped -0.9%, as AI and chip names absorbed the heaviest pressure. WTI crude climbed +4.3% and gold edged higher, reinforcing the day’s rotation toward energy and select havens. [Continue Reading]
360LiveNews Markets Intelligence | 17 Jul 2026 21:15 LONDON
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Wall Street Opens Sharply Lower as Chip Rout Deepens, Energy and Banks Buck the Selloff
Executive summary: US equities opened under heavy pressure, led by a steep drop in semiconductor and technology shares. The Nasdaq Composite fell -3.9%, the S&P 500 slipped -1.9%, and the Dow Jones was down -0.5% at the latest reading. Energy stocks outperformed with XLE up +5.2%, while banks and financials gained +1.8%. The move points to a sharp rotation out of AI and chip exposure and into more defensive or commodity-linked pockets as crude oil rose and gold eased. [Continue Reading]
360LiveNews Markets Intelligence | 17 Jul 2026 14:45 LONDON
