Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S. July 15, 2026.
Brendan McDermid | Reuters
Stocks fell again on Friday, with Wall Street posting a weekly decline, as traders weighed the latest moves in semiconductor names along with recent quarterly reports
The broad market index lost 1.01% to end at 7,457.69, while the Nasdaq Composite dropped 1.4% to 25,520.24 as tech stocks came under scrutiny. The Dow Jones Industrial Average fell 406.55 points, or 0.77%, to close at 52,146.42
The major stock benchmarks notched weekly losses, with the S&P 500 off 1.6%, while the Nasdaq slid 2.9%. The Dow fell 0.9% on the week
The VanEck Semiconductor ETF (SMH) posted its third weekly decline in four weeks, dropping almost 9% in the period. Semiconductors were hit especially hard earlier in the session after Chinese startup Moonshot AI unveiled a new model that it said narrows the gap with the top offerings in the U.S
“The latest development is competition from open-ce of leading offerings from Anthropic and OpenAI, raising fresh concerns about the heavy pace of technology spending,” said Angelo Kourkafas, senior investment strategist at Edward Jones
“We are seeing signs of fatigue, with end-user demand for AI becoming more price sensitive and the market starting to penalize companies that are ramping spending too aggressively,” he continued. “We view this volatility as a signal that the AI theme is likely maturing rather than breaking, which is a healthy part of how transformative investment cycles evolve.”
Alongside chips, shares of Netflix were a major laggard Friday, falling more than 7% as the company’s forecast failed to ease investor concerns that growth is slowing
Further escalations in the U.S.-Iran war also remained in focus, with oil prices rising in their wake. U.S. West Texas Intermediate crude futures rose 4.5% to settle at $82.49 per barrel, while international benchmark Brent crude futures advanced 4.6% to close at $88.10
Kuwait said on Friday that Iran attacked a power and water desalination plant, and U.S. Central Command said overnight that it had completed its sixth consecutive evening of strikes against Iran, hitting dozens of military targets, including logistics infrastructure and maritime capabilities
Iranian officials also claimed on Friday to have targeted U.S. military forces in Syria and Bahrain, widening Tehran’s attacks further across the Middle East
This comes as the fragile truce reached last month has fractured, once again disrupting energy flows through the strategically vital Strait of Hormuz, which typically handles around 20% of the world’s oil traffic
The latest move in oil is “going to freak people out, but we still remain right in the ballpark of average,” said David Wagner, head of equities at Aptus Capital Advisors. Wagner added he’s optimistic on the broader market even with elevated oil prices, saying, “I’m still bullish, but there might be more volatility moving forward.”
Fri, Jul 17 20264:16 PM EDT
Stocks finish lower
The three major averages closed in the red on Friday
The S&P 500 ended the day down 1.01% at 7,457.69, while the Nasdaq Composite lost 1.4% to finish at 25,520.24. The Dow Jones Industrial Average shed 406.55 points, or 0.77%, to settle at 52,146.42
Fri, Jul 17 20264:15 PM EDT
Raymond James upgrades EchoStar to strong buy from market perform
Raymond James upgraded EchoStar to a strong buy from market perform and raised its price target to $115 — implying a 25% upside from Friday’s close
Analyst Ric Prentiss wrote that the satellite communications provider is trading at a significant discount. He noted that many investors had invested in the satellite sector before SpaceX went public. Since SpaceX has gone public, investors have begun rotating out of EchoStar shares
“ECHO trades at a 40% discount to our full sum-of-the-parts valuation, which we feel is too wide, and we see multiple near-term catalysts,” the analyst said. “These could include spectrum sales, positive technical trading impacts, a potential DISH TV-DirecTV merger, and other potential strategic initiatives including tax mitigation efforts.”
The satellite communications provider is down 15% in 2026, underperforming compared to the S&P 500
Echostar YTD
— Assiatou Hann
Fri, Jul 17 20262:31 PM EDT
CNBC survey shows economic outlook is worsening
Despite a booming stock market and improving inflation numbers, the public is as depressed about the economy as it has been since the years just after the pandemic and increasingly concerned about the cost of everyday goods, according to the latest CNBC All-America Economic Survey
The result: continued deeply negative approval numbers for President Donald Trump yet only a modest advantage for Democrats when it comes to the public’s preference for control of Congress
The survey of 1,000 adults nationwide, with a margin of error of plus or minus 3.1%, found that 61% of the public is pessimistic about the current state of the economy and about the outlook for the future. That is the highest percentage since December 2023, when the country was just emerging from the pandemic-era inflation. Only 25% are optimistic about the economy now and for the future. Read more
— Steve Liesman
Fri, Jul 17 20261:30 PM EDT
Travelers Companies shares soar after earnings
Cheng Xin | Getty Images
Shares for the Travelers Companies rose over 8% after the insurance company’s latest earnings report on Friday, showing $10.04 in earnings per share and beating Wall Street’s consensus of $5.41. The company also reported about $2.2 billion in net income compared to about $1.5 billion in last year’s quarter.
“The scale of our earnings and cash flow enable us to invest in differentiating technology, including AI, at a level that sets us apart, further strengthening the competitive advantages that power those results. Operating from this position of strength, we remain highly confident in the outlook for Travelers,” said Alan Schnitzer, Chairman and Chief Executive Officer
— Ananya Chetia
Fri, Jul 17 20261:03 PM EDT
Meta in talks to lease compute power to Anthropic, NYT reports
Meta CEO Mark Zuckerberg attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026.
Brendan McDermid | Reuters
Hyperscaler Meta is in talks to rent computing power to artificial intelligence giant Anthropic, according to a New York Times report
Three people with knowledge of the situation told the Times that Anthropic proposed the deal in June, and that the agreement could be worth as much as $10 billion. The people added talks are in early stages and may not yield a deal
Shares of Meta rose from their lows of the day after the report, but remained down more than 3.5% on the session
— Davis Giangiulio
Fri, Jul 17 202612:26 PM EDT
Chip sell-off deepens Friday
The VanEck Semiconductor ETF (SMH) fell more than 4%, extending pressure on chip stocks as investors questioned whether the AI-driven rally has pushed valuations beyond what fundamentals can support
Sentiment was hit by the debut of a new artificial intelligence model from Chinese startup Moonshot, which the company said performs on par with leading systems from OpenAI and Anthropic.Shares of Applied Materials, Lam Research, Intel, KLA Corp. and Arm Holdings each fell about 4%, while Micron Technology and Nvidia dropped more than 2%.The semi ETF has sold off more than 17% this month alone
The VanEck Semiconductor ETF one month
— Yun Li
Fri, Jul 17 202611:56 AM EDT
Retail stocks buck market downtrend this week
In an aerial view, pre-owned vehicles are displayed for sale at a Carmax dealership on April 7, 2026 in Austin, Texas.
Brandon Bell | Getty Images
Retail stocks have sidestepped the broader market’s volatility this week
The State Street PDR S&P Retail ETF (XRT) has gained just over 2.5% so far this week. By comparison, the broad S&P 500 has dropped around 1.5%
The XRT vs. the S&P 500, 5-day
Auto retailer Group 1 led the sector higher this week with a gain of more than 9%. The stock is on track for its biggest weekly gain since 2024
CarMax and National Vision followed, each adding more than 8%. But Coupang and Advance Auto Parts were among the stocks restricting gains for the group, as the pair fell around 11% and 8%, respectively
Despite this week’s outperformance, the XRT is up less than 6% in 2026. The S&P 500 has added more than 9% over the same period
— Alex Harring
Fri, Jul 17 202611:48 AM EDT
European stock markets finish Friday’s session in the red
The City of London skyline at sunset.
Gary Yeowell | Digitalvision | Getty Images
The pan-European Stoxx 600 ended Friday’s session in negative territory, sliding 0.41%, with most of the continent’s sectors and major bourses closing the day in the red
European tech names were caught up in the global retreat from the sector, tumbling 2.7%. Media stocks shed 1.93%, and banks lost 1.32%
A majority of the continent’s main bourses also fell, with the Italian FTSE MIB sliding 0.94% in Milan, and France’s CAC 40 shedding 0.47% in Paris. In Frankfurt, the German DAX ended 0.35% lower. Only the U.K.’s FTSE 100 notched a positive return, finishing the day up 0.27% in London
— Hugh Leask
Fri, Jul 17 202610:56 AM EDT
Berkshire shares outperform in tech-led sell-off
A screen displays the trading information for Berkshire Hathaway inc. as traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 22, 2025.
Brendan McDermid | Reuters
Berkshire Hathaway climbed more than 1% on Friday, outperforming the broader market as investors rotated into defensive stocks amid a technology-led selloff
The gains were also fueled by growing optimism that the conglomerate stepped up share repurchases in the second quarter. Barron’s estimated Berkshire may have bought back between $5 billion and $11 billion of its own stock during the period, based on calculations using information disclosed in Warren Buffett’s securities filing earlier this week tied to his annual charitable gifts
The move higher contrasted with steep declines across semiconductor and artificial intelligence stocks, as investors sought the relative safety of Berkshire’s diversified portfolio of insurance, energy, railroad and industrial businesses during the market downturn
— Yun Li
Fri, Jul 17 202610:17 AM EDT
Consumer outlook perks up as inflation expectations fall, survey shows
Consumer sentiment improved in July as falling energy helped pull down gas prices and lower inflation expectations for the future, according to a University of Michigan survey Friday
The survey’s sentiment gauge posted a reading of 54.4, up nearly 10% from June and better than the Dow Jones consensus for 50.5. Moreover, it was the best level since the Iran war started in February, though still down 11.8% from a year ago
Similarly, the current conditions measure rose 15.1% and the expectations index was up 6.5%, though they also were well below their year-ago levels
On inflation, the one-year outlook slipped to 4.2%, down 0.4 percentage point to its lowest since March. The five-year outlook was steady at 3.3%
“This month’s rise in sentiment was pervasive across the population, seen across groups by age, income, wealth, and political party” though “sentiment’s upward momentum may prove difficult to sustain if recent declines in gas prices continue to reverse course,” said survey director Joanne Hsu
— Jeff Cox
Correction: Consumer sentiment improved in July. A previous version misstated the month.
Fri, Jul 17 202610:03 AM EDT
Cleveland Fed’s Hammack expresses inflation concern
Federal Reserve Bank of Cleveland President and CEO Beth Hammack speaking with CNBC from Sintra, Portugal, on June 30, 2026.
CNBC
Cleveland Federal Reserve President Beth Hammack said Friday she is hearing from business leaders that the central bank needs to take action on inflation
While stopping short of endorsing an interest rate increase, the policymaker noted, in a LinkedIn post, that business concerns are rising over higher prices
“Business leaders point to energy costs and supply chain disruptions as factors but also cite pressures from insurance and the AI data center build up. At the same time, I’m seeing good growth numbers and stable consumer spending,” Hammack wrote
“For the first time in my tenure, I’m hearing from businesses who say they think we need to take action to curb inflation, and from consumers who can’t make ends meet about a growing sense of despair,” she added
The comments come a day after Dallas Fed President Lorie Logan called for “modestly higher” rates and inflation reports showing monthly decreases in consumer and wholesale prices but an unexpected rise in import prices
“Persistently high inflation is the bigger concern,” Hammack said, referring to the Fed’s dual mandate of low unemployment and price stability
— Jeff Cox
Fri, Jul 17 20269:45 AM EDT
Apple surpasses Nvidia market cap
Apple CEO Tim Cook waves on stage during Apple’s annual Worldwide Developers Conference in Cupertino, California, U.S., June 8, 2026.
Carlos Barria | Reuters
Apple is now the most valuable U.S. company by market cap
The technology company surpassed semiconductor giant Nvidia on Friday as Apple shares rose 0.3% in morning trading while Nvidia’s stock declined more than 3.5%
Nvidia held the top spot since late June of last year
— Davis Giangiulio
Fri, Jul 17 20269:41 AM EDT
Import prices post gain in June, largest annual increase in nearly three years
A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025.
Mike Blake | Reuters
Import prices unexpectedly rose in June as a slide in energy costs were offset by increases elsewhere, the Bureau of Labor Statistics reported Friday
Costs for goods brought into the U.S. accelerated 0.3% for the month and 7.1% annually, the biggest yearly move since August 2022. Economists surveyed by Dow Jones had been looking for a 0.8% decrease as falling oil prices helped cool both consumer and wholesale prices during the month
In addition, import prices from China umped 0.9%, the most since January 2008
— Jeff Cox
Fri, Jul 17 20269:35 AM EDT
Stocks fall Friday
The three leading U.S. indexes fell sharply on Friday morning
The Nasdaq Composite declined 1.8% just after the opening bell, while the Dow Jones Industrial Average shed 519 points, or 1%. The S&P 500 dropped 1.2%
— Sean Conlon
Fri, Jul 17 20269:06 AM EDT
Intuitive Surgical heading for worst day in more than four years
Shares of Intuitive Surgical are down more than 9% in the premarket following its earnings report after the bell on Thursday, and they’re poised to see their worst day since early 2022, if that drawdown holds through the close
The maker of surgical robotic tools delivered an earnings and revenue beat in its second-quarter financial report, but worries regarding the impact of the expiration of enhanced Affordable Care Act premium subsidies weighed on shares.
“Based on customer feedback, we believe there was a modest adverse impact to Q2 US da Vinci procedure,” a type of robotic surgery, “growth from those patients impacted by the expiration of subsidies for ACA enhanced premiums,” said CFO Jamie Smith on the company’s earnings conference call.
Intuitive Surgical was already having a rough 2026, with shares off almost 29% in the year
Intuitive Surgical year-to-date.
— Davis Giangiulio
Fri, Jul 17 20268:50 AM EDT
GSK shares down after failing clinical trials
U.S.-listed shares of GSK are down more than 2% in the premarket after the British pharmaceutical and biotechnology company had to stop development of a chronic cough drug since it was unable to meet its main goal in the late stage trails.
The drug testing came from GSK’s $2 billion acquisition of Bellus Health, a Canada-based biopharmaceutical company, back in 2023
The drug, camlipixant, was able to reduce daily coughing over 12 weeks in one trail with a higher 50 mg dose but did not meet the mark in a second study over 24 weeks, the company’s website said. Similarly, the trail with 25 mg was not successful in either study
Despite failing in the testing trail, a Jefferies analyst said successful testing is “not a must-have for the top-line trajectory,”
— Ananya Chetia
Fri, Jul 17 20268:00 AM EDT
Netflix, Alphabet and Intuitive Surgical among the stocks making moves before the bell
Samuel Boivin | Nurphoto | Getty Images
Check out the companies making the biggest moves premarket:
- Netflix — The streaming giant dropped more than 10% after its in-line results for the second quarter failed to impress investors. Netflix earned 80 cents per share on revenue of $12.56 billion. Analysts polled by LSEG expected a profit of 79 cents per share on revenue of $12.59 billion. The company, however, also said it would cut back how often it releases its “What We Watched” reports — which give investors a look at engagement on the platform.
- Alphabet — The Google parent company slid for a second day in a row, down 1.5%, after Bloomberg reported on Thursday that Google is months behind delivering its latest Gemini AI model. Alphabet tumbled almost 4.5% on Thursday after the news.
- Intuitive Surgical — Shares fell more than 11% after the maker of surgical robotic tools posted second-quarter results. The company earned an adjusted $2.80 per share on revenue of $2.89 billion. Analysts polled by LSEG expected a profit of $2.50 per share on revenue of $2.82 billion. Intuitive Surgical also maintained its full-year outlook for procedures using its da Vinci robotic system. It expects growth around 14%.
Read the full list here
— Davis Giangiulio
Fri, Jul 17 20266:30 AM EDT
U.S. Treasury yields tumble
Bond yields fell as traders continue to monitor escalating tensions in the Middle East, following a flurry of economic data this week indicating the U.S. economy is withstanding inflationary pressures caused by the conflict
Yields on the key 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt — were more than 4 basis points lower to 4.525%
The yield on the 2-year Treasury note, which typically moves in line with short-term Federal Reserve interest rate decisions, shed 3 basis points to reach 4.124%
The 30-year Treasury yield, which tends to track broader geopolitical events, was more than 3 basis points lower at 5.061%
— Hugh Leask
Fri, Jul 17 20266:17 AM EDT
SpaceX falls further in premarket after Starship test flight aborted
SpaceX CEO Elon Musk, speaks on a screen remotely from SpaceX headquarters in Starbase, Texas, speaks before the launch of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite in New York on June 12, 2026.
Adam Jeffery | CNBC
SpaceX’s stock fell further on Friday, a day after it aborted a test flight for its Starship rocket at the last second, and amid choppy post-IPO trading
The aerospace giant was expected to launch its Starship mega rocket within a 90-minute window at 5:45 p.m. in Texas on Thursday, but an engine ignition failure forced SpaceX to scrub the launch
“Some of the engines didn’t start, triggering an automatic launch abort,” billionaire founder Elon Musk said in a post on X. “Now offloading propellant. Next launch attempt hopefully in a few days.”
SpaceX was last seen down 3.5% in premarket trading, after falling more than 3% in after hours trading
— Sawdah Bhaimiya
Fri, Jul 17 20266:02 AM EDT
Chip stocks slide in premarket trading
U.S.-listed chip stocks slid ahead of the week’s final regular trading session, as volatility gripped technology shares across the globe
At 5:56 a.m. ET, the iShares Semiconductor ETF was down by 3.7%, while the semiconductor ETF issued by VanEck had fallen by 3.4%
Meanwhile, shares of Applied Materials and LAM Research both shed around 5%. Intel and KLA Corporation were more than 4% lower ahead of the regular trading session, while Arm and Micron each lost 4%. Nvidia shares were 3% lower
— Chloe Taylor
Fri, Jul 17 20265:39 AM EDT
Gold snaps losing streak as Treasury yields ease and investors seek stability
Gold dropped on Friday on lower-than-expected U.S. inflation figures, reducing bullion’s appeal as a hedge against inflation, while a firmer dollar also put pressure on prices.
Picture Alliance | Picture Alliance | Getty Images
Gold was up 0.6% at around 5 a.m. ET, snapping a run of several consecutive days of losses
The precious yellow metal’s status as a safe-haven asset has come under pressure this year, as a stronger dollar and a more hawkish stance from the Federal Reserve have prompted heavy selling. Treasury yields moved lower on Friday as investors responded to a busy week of data, which suggested the U.S. economy is withstanding the inflationary pressure wrought by the Iran war
Gold is on course for a weekly loss of more than 3% and has fallen around a quarter from an all-time high achieved in late January
Spot gold
— Chloe Taylor
Fri, Jul 17 20263:27 AM EDT
Chip sell-off spreads to Europe
European chip stocks joined a sell-off that started in Asia this morning, with several big names in the sector moving notably lower in early trading
At 8:22 a.m. in London (3:22 a.m. ET), Dutch semiconductor equipment makers ASMI and ASML were down by 4.6% and 3.8%, respectively. STMicroelectronics shares lost 5%, while Infineon was 4.2% lower and BE Semiconductor shares lost 3.7%
— Chloe Taylor
Fri, Jul 17 20263:17 AM EDT
European shares drop; tech sell-off spreads
European markets have followed Asian peers lower at the open, with the pan-European Stoxx 600 last seen down by 0.6%
Utilities and consumer staples stocks — where investors tend to pivot when seeking out safety from volatility — bucked the trend, while tech stocks sold off
watch now
— Chloe Taylor
Fri, Jul 17 20263:14 AM EDT
Chipmakers pull Asian shares lower
watch now
Fri, Jul 17 20262:37 AM EDT
Sweden’s Saab posts record orders as fighter jet maker cashes in on higher defense spending
Brazil’s first domestically manufactured supersonic aircraft, an F-39E Gripen, is seen during its unveiling ceremony in Gaviao Peixoto, Sao Paulo state, Brazil, on March 25, 2026.
Nelson Almeida | Afp | Getty Images
Swedish defense company Saab beat earnings expectations in the second quarter, as booming demand for military equipment propelled the fighter jet maker to another quarter of record orders backlog
The total backlog amounted to 317.7 billion Swedish crowns, up from 197.6 billion a year ago and marking a fifth consecutive quarter of order book growth, while new orders were 68.4 billion Swedish crowns
It comes as European governments ramp up defense spending, boosting the region’s companies.
“We operate in a market with structurally growing demand and remain focused on scaling capacity, delivering to customers, and advancing new capabilities,” said Saab CEO Micael Johansson in a statement.
Sales came in at 25.5 billion crowns, while operating profit (EBIT) was 2.8 billion crowns, both beating expectations
Read the full story here
— Elsa Ohlen
Fri, Jul 17 20262:16 AM EDT
Volvo Cars posts decline in quarterly profits, flags significantly stronger sales in second half
A VOLVO store in Beijing, China on July 14, 2026.
Cfoto | Future Publishing | Getty Images
Volvo Cars posted a decline in quarterly profit for the April to June period, citing a “very challenging” environment, although the Swedish company says it expects significantly stronger sales during the second half of the year
The automaker, which is owned by China’s Geely Holding, reported an operating profit of 800 million Swedish crowns ($82.82 million) for the second quarter, representing a 50% decline compared to the first three months of the year
Volvo Cars CEO Håkan Samuelsson said the situation for premium car brands in China, including Volvo Cars, had been “very tough.”
“We are seeing declines in the magnitude of 30% and this caught us a bit by surprise that the downturn came so fast, and I think that is the reason for the modest financial result,” Samuelsson told CNBC’s “Europe Early Edition” on Friday
“But on the positive side, we have been working better than planned on the cost side,” he added
—Sam Meredith
Fri, Jul 17 202612:36 AM EDT
Gold and Treasurys strengthen amid Mideast tensions
Gold prices fell on Friday as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal amid rising inflation and interest rate-hike fears.
Shannon Stapleton | Reuters
Traditional safe-haven assets rose Friday, as investors keep an eye on renewed hostilities between the U.S. and Iran, with Tehran threatening retaliation if U.S. President Donald Trump attacks the country’s critical infrastructure
The 10-year U.S. Treasury yield fell 3 basis points to 4.537%, while spot gold rose 0.9% to 4,004.61 per ounce. Silver dropped 0.6% to $55.81 per ounce
— Justina LeeCorrection: This post was updated to correct the gold price
Thu, Jul 16 202610:53 PM EDT
SoftBank sinks over 9% as Asia chip stocks track Wall Street AI sell-off
A man walks past a Softbank store in Tokyo on May 13, 2026.
Andrew Caballero-reynolds | Afp | Getty Images
Asian tech stocks tumbled on Friday as a fresh rout in U.S. semiconductor shares spread across Asia, underscoring growing worries about AI spending
Shares of SoftBank dropped 9.2%, while chip equipment maker Tokyo Electron lost 9% and Advantest slid 9.4%, tracking steep overnight losses on Wall Street
Japanese memory chipmaker Kioxia plunged over 14% after a federal jury in Texas on Thursday ordered the firm to pay $229 million in damages after finding it infringed a
South Korea’s markets were closed for a public holiday. On Thursday, shares of SK Hynix closed over 11% lower
Taiwan’s TSMC fell 3.64% on Friday, a day after the company posted a sharp jump in profit, topping market expectations
— Lee Ying Shan
Thu, Jul 16 202610:00 PM EDT
Hong Kong’s Hang Seng and Mainland China’s CSI 300 open lower
Stocks in Mainland China and Hong Kong opened lower, tracking broad declines in Asian markets
Hong Kong’s Hang Seng index was down 0.8%, while mainland China’s CSI 300 dropped 1.64%. Hong Kong-listed shares of Tencent slipped 1.3%, Meituan fell 2.4% and Kuaishou lost 3.3%, while Baidu and Alibaba eased 0.7% and 1.3%, respectively
— Justina Lee
Thu, Jul 16 20269:42 PM EDT
Seven & i shares jump over 3% on report of stake talks with Polish convenience chain Zabka
Seven & i Holdings Co. shares gained over 3% Friday after a Nikkei report said the 7-Eleven parent was nearing a deal to buy a stake in Polish convenience giant Zabka Group
The potential transaction, expected to be worth several hundred billion yen, underscores Seven & i’s strategy to expand its overseas convenience store business by entering the Eastern European market, the Nikkei reported
Zabka Group, established in 1998, has more than 10,000 franchise-operated stores in Poland selling hot snacks and groceries. Shares of the retailer, listed on the Warsaw Stock Exchange, closed 10.9% higher on Thursday, to hit a record high
— Jenny Lee
Thu, Jul 16 20268:12 PM EDT
Japan and Australia stocks fall at open
Asia-Pacific markets opened lower Friday, tracking Wall Street losses overnight
Japan’s Nikkei 225 slipped 0.6% while the Topix declined 0.3%
Australia’s benchmark S&P/ASX 200 was 0.2% lower
South Korea markets are closed for a holiday
— Justina Lee
Thu, Jul 16 20267:34 PM EDT
Asia-Pacific markets set to open lower, tracking Wall Street losses
Asia-Pacific markets were set to open lower Friday, tracking U.S. benchmarks that were dragged by losses in chip names
Japan’s Nikkei 225 was poised to decline, with the Chicago futures contract at 65,775 and its Osaka counterpart last trading at 65,920, compared with the index’s close of 66,835.84
Hong Kong Hang Seng index futures were last at 24,917, lower than the index’s last close of 25,008.60
In Australia, futures for the S&P/ASX 200 last traded at 8,784, while the index closed at 8,840.70
South Korea markets are closed for a holiday on Friday
Tensions in the Middle East escalated on Thursday, with Iran cautioning that it will “crush” key targets in the region, if U.S. President Donald Trump targets the country’s infrastructure in the coming days. Trump had said in a Tuesday evening interview with Fox News that if a diplomatic breakthrough is not achieved, U.S. forces would target key Iranian infrastructure next week
— Justina Lee
Thu, Jul 16 20266:14 PM EDT
Astera Labs, Marvell leading chip sell-off this week
The VanEck Semiconductor ETF (SMH) has fallen more 6% this week. Here are the stocks leading the way lower for the chipmaker fund:
— Fred Imbert
Thu, Jul 16 20266:07 PM EDT
Netflix, Alcoa are making moves after hours
Here are the stocks making big moves after the bell:
Netflix — The streaming giant dropped more than 8% after its in-line results for the second quarter failed to impress investors. Netflix earned 80 cents per share on revenue of $12.56 billion. Analysts polled by LSEG expected a profit of 79 cents per share on revenue of $12.59 billion. The company, however, also said it would cut back how often it releases its “What We Watched” reports — which give investors a look at engagement on the platform
Alcoa — The aluminum producer dipped 2% even after reporting second-quarter results that beat analyst expectations. Alcoa earned $2.12 per share, excluding certain items, on revenue of $3.97 billion. Analysts had forecast a profit of $2.06 per share on revenue of $3.94 billion, per LSEG. The company also lowered its 2026 production outlook for alumina, which is used in aluminum smelting
Intuitive Surgical — Shares fell 10% after the maker of surgical robotic tools posted results of the second quarter. The company earned an adjusted $2.80 per share on revenue of $2.89 billion. Analysts polled by LSEG expected a profit of $2.50 per share on revenue of $2.82 billion. Intuitive Surgical also maintained its full-year outlook for procedures using its da Vinci robotic system. It expects growth around 14%
— Fred Imbert
Thu, Jul 16 20266:02 PM EDT
Stock futures fall marginally at the open
Dow Jones Industrial Average futures slipped 13 points. S&P 500 futures lost 0.1% along with Nasdaq-100 futures
— Fred Imbert
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