U.S. stocks opened broadly lower on July 17, with the Dow Jones Industrial Average down 0.24%, the S&P 500 off 1.15%, and the Nasdaq falling 1.8%. Semiconductor names led the drop, pushing the Philadelphia Semiconductor Index down more than 3% and close to entering technical bear market territory. According to market data from BIT (bit.com), Nvidia fell 2.2%, Qualcomm lost 3%, Intel dropped 3.5%, Microsoft slid 1%, and SpaceX was down 3%. Apple, by contrast, rose 0.05%, enough to move ahead of Nvidia and reclaim the position of the world’s most valuable listed company by market capitalization. CPO-related shares and AI infrastructure names also came under pressure, with AAOI and AMAT each falling more than 6% to lead declines in the segment.
U.S. stocks opened lower on July 17, with the Dow Jones Industrial Average down 0.24%, the S&P 500 falling 1.15%, and the Nasdaq losing 1.8%.
In semiconductors, the Philadelphia Semiconductor Index dropped more than 3% and was close to entering a technical bear market.
According to market data from BIT (bit.com), Nvidia fell 2.2%, Qualcomm lost 3%, Intel dropped 3.5%, Microsoft was down 1%, and SpaceX fell 3%.
Apple rose 0.05%, which put it ahead of Nvidia and made it the world’s largest company by market capitalization.
CPO-related stocks and AI infrastructure names also moved lower, with AAOI and AMAT down more than 6%, leading losses in the sector.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
