US stocks today: Nasdaq, S&P fall over 1%, end lower for week as chip selloff broadens
Economic Times 1d ago·17 Jul 2026, 8:04 pm
US equity markets ended the week on a weak note, with the Nasdaq and S&P 500 indices falling by more than 1%. The decline was driven by a broad-based selloff in technology stocks, particularly those involved in artificial intelligence. As investors grew cautious, the chip sector saw sharp weekly losses, pulling down major indices.
This risk-off sentiment also spilled over into other sectors. Meanwhile, energy stocks bucked the trend, gaining ground as oil prices rose due to ongoing tensions in the Middle East. Despite strong earnings reports from some banks, the broader market struggled to find support.
For investors, this highlights the growing volatility in tech-heavy portfolios. The sharp drop in chip stocks suggests that the rally in AI-related shares may be cooling. Moving forward, investors should watch for any signs of stabilization in the semiconductor sector and monitor how geopolitical events impact global markets.
Key takeaways
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
