US Stocks Hold Losses After FOMC

2026-07-08 18:12 By Andre Joaquim 1 min. read

US stocks held losses on Wednesday as higher energy prices added to a less favorable macroeconomic backdrop.

The S&P 500 and Nasdaq 100 were around 0.4% lower while the Dow fell a sharper 1%.

Treasury yields rose after President Trump said the ceasefire with Iran was "over" following strikes by both sides, driving oil prices to surge and markets to reconsider inflationary risks.

The risk of higher inflation was aligned with FOMC minutes showing some members made the case for a rate hike in June.

Credit-sensitive sectors fell, with JPMorgan and Visa down 2%, while Home Depot and GE Vernovia sank 3%.

Meanwhile, AI hyperscalers were mostly lower after worries of overspending in data center infrastructure weighed on the sector earlier this week, with Alphabet, Amazon, and Microsoft dropping more than 1%.

On the other hand, Broadcom gained 5% after expanding its agreement with Apple on US-made components.

Also, Nvidia gained 1% as Chinese firms planned to buy more H200 chips.



News Stream
US Stocks Hold Losses After FOMC
US stocks held losses on Wednesday as higher energy prices added to a less favorable macroeconomic backdrop. The S&P 500 and Nasdaq 100 were around 0.4% lower while the Dow fell a sharper 1%. Treasury yields rose after President Trump said the ceasefire with Iran was "over" following strikes by both sides, driving oil prices to surge and markets to reconsider inflationary risks. The risk of higher inflation was aligned with FOMC minutes showing some members made the case for a rate hike in June. Credit-sensitive sectors fell, with JPMorgan and Visa down 2%, while Home Depot and GE Vernovia sank 3%. Meanwhile, AI hyperscalers were mostly lower after worries of overspending in data center infrastructure weighed on the sector earlier this week, with Alphabet, Amazon, and Microsoft dropping more than 1%. On the other hand, Broadcom gained 5% after expanding its agreement with Apple on US-made components. Also, Nvidia gained 1% as Chinese firms planned to buy more H200 chips.
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US stocks fell on Wednesday as higher energy prices added to a less favorable macroeconomic backdrop. The S&P 500 and the Nasdaq 100 fell just below 1%, while the Dow dropped 1.5%. Treasury yields rose after President Trump invalidated the ceasefire with Iran following strikes by both sides, driving oil prices to surge and markets to reconsider inflationary risks. Insights on the Fed's willingness to raise interest rates could be uncovered with minutes of the FOMC's June meeting to be released shortly. Credit-sensitive sectors fell, with JPMorgan and Visa down 2%. Chip producers also extended their rout on concerns that hyperscalers will be forced to slow spending in AI infrastructure, while reports that major Chinese companies are starting chip projects hampered the outlook on their market shares. Micron, Sandisk, and Intel were around 1% down while Meta, Amazon, and Microsoft fell up to 2%.
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