U.S. stocks fell at midday on July 17 as a deepening semiconductor sell-off and geopolitical tensions weighed on markets. The Nasdaq Composite dropped 1.06% to 25,607.34, the S&P 500 fell 0.57% to 7,491.11, and the Dow Jones Industrial Average slipped 0.08% to 52,511.32. Netflix shares tumbled over 7% after issuing disappointing forward guidance, while Nvidia and International Business Machines also declined. Gold rose 0.78% to $4,019.01 and the 10-year Treasury yield dipped to 4.54%, with energy and real estate leading sectors and communications and industrials lagging. The sell-off was fueled by uncertainty over AI infrastructure spending and the release of a competitive new model from Chinese start-up Moonshot, while WTI crude gained 3.7% to $81.88 a barrel amid Middle East tensions.
Netflix IncNetflix issued disappointing forward guidance, causing shares to plunge over 7%.
International Business Machines
The Coca-Cola Company
NVIDIA Corporation