US Stocks Close Lower on Tech Selloff

2026-06-23 20:09 By Isabela Couto 1 min. read

US stock indices closed negative on Tuesday amid a selloff in heavyweight chip producers.

The S&P 500 fell 1.4%, and the Nasdaq 100 lost 3.3% as AI infrastructure companies, including semiconductor and memory chip producers, tanked on increasing skepticism that AI spending by hyperscalers will not meet returns.

Also, SK Hynix slowed production of advanced AI chips to boost commodity DRAM capacity, a sign that demand for compute could slow.

Nvidia (-4.2%), Broadcom (-3.1%), Qualcomm (-8%), AMD (-5.8%), Micron (-13.2%), and Sandisk (-11.2%) posted losses.

Tesla lost 5.8% and Oracle slipped 5.8%.

Meanwhile, SpaceX added 1%, rebounding as it issued bonds only one week after its IPO, adding to caution on colossal capital expenditure.

Treasury yields remained elevated despite the decline in energy prices following the hawkish dot plot last week, limiting any respite for traditional sectors of the economy.

Gains for healthcare and consumer defensive companies aided the Dow to close near flat.



News Stream
US Futures Rise Despite Mideast Tensions
US stock futures rose on Wednesday even after US forces intercepted a surprise Iranian attack targeting American troops in the Middle East, driving oil prices higher and renewing concerns over inflation and the outlook for interest rates. Investors also awaited the Federal Reserve’s policy decision, where it is expected to leave interest rates unchanged, although some traders continue to price in the possibility of a rate hike. In corporate news, Ford Motor surged nearly 4% in after-hours trading after the automaker topped earnings expectations and raised its 2026 outlook. Meanwhile, SK Hynix dropped almost 2% despite reporting another record quarterly profit, as results came in below analyst estimates. Visa also fell more than 1% after the payments company issued weaker-than-expected guidance. During Tuesday’s regular session, the Dow and S&P 500 gained 1.03% and 0.21%, respectively, while the tech-heavy Nasdaq Composite slipped 0.22%.
2026-07-28
The Dow Jones Index Closes 1.03% Higher
The Dow Jones Index gained 537 points or 1.03 percent on Tuesday to close at 52748 points. Gains were led by Sherwin-Williams (8.45%), Coca-Cola (5.19%) and IBM (5.16%).
2026-07-28
US Stocks Mixed as Chip Selloff Deepens
US equity indices closed mixed on Tuesday as chipmakers extended their selloff, while earnings and falling oil prices supported investors' sentiment. The S&P 500 gained 0.2% and the Dow Jones rose 537 points while the Nasdaq 100 fell 1%. Concerns over slowing AI infrastructure spending and the circular nature of data center investment weighed on compute and memory chipmakers. Micron slumped 8.8%, AMD lost 8.1%, Intel fell 5.9%, and Sandisk tumbled 14.2%. The sector also came under pressure after the strong IPO of China's CXMT in Shanghai boosted optimism over rising competition. Meanwhile, health and consumer staples outperformed. Microsoft was up 1.1% and Meta closed little changed ahead of earnings on Wednesday. Coca-Cola soared 5% after an earnings and revenue beat and a hike in its full-year outlook. Eli Lilly was up 1.9%, Berkshire Hathaway gained 3.1%, and Visa rose 1.1% ahead of its earnings release.
2026-07-28