US Stocks Pull Back

2026-07-13 13:36 By Andre Joaquim 1 min. read

US equity indices were mostly lower on Monday amid weakness for AI companies and more macroeconomic uncertainty.

The S&P 500 dropped 0.3% and the Nasdaq 100 lost 2%.

Chip producers were under fresh pressure to indicate persistent uncertainty on whether the sector will deliver the ambitious guidance that backed its speculative rally.

SK Hynix ADRs were 8% down after surging 13% in its issue on Friday as a Korean broker stated it could miss its next earnings.

Nvidia, AMD, and Intel fell over 1% while memory producers Sandisk and Micron lost more than 3%.

Meanwhile, the Dow inched marginally higher despite the risk of higher interest rates.

Strikes between the US and Iran continued to hamper energy exports out of the Middle East, risking inflation and lifting credit costs.

Major banks were mixed ahead of their earnings reports tomorrow, with JPMorgan and Bank of America both hovering near the flatline.

Still, Visa rose 1.5%, and J&J rose 0.5% ahead of its earnings Wednesday.



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The Dow Jones Index Opens 0.17% Higher
The Dow Jones Index is up by 88 points or 0.17 percent on Monday. Top gainers are Chevron (2.15%), Apple (2.06%) and IBM (1.85%). Biggest losses came from Cisco Systems (-2.31%), Boeing (-1.14%) and Caterpillar (-1.09%).
2026-07-13
US Stocks Pull Back
US equity indices were mostly lower on Monday amid weakness for AI companies and more macroeconomic uncertainty. The S&P 500 dropped 0.3% and the Nasdaq 100 lost 2%. Chip producers were under fresh pressure to indicate persistent uncertainty on whether the sector will deliver the ambitious guidance that backed its speculative rally. SK Hynix ADRs were 8% down after surging 13% in its issue on Friday as a Korean broker stated it could miss its next earnings. Nvidia, AMD, and Intel fell over 1% while memory producers Sandisk and Micron lost more than 3%. Meanwhile, the Dow inched marginally higher despite the risk of higher interest rates. Strikes between the US and Iran continued to hamper energy exports out of the Middle East, risking inflation and lifting credit costs. Major banks were mixed ahead of their earnings reports tomorrow, with JPMorgan and Bank of America both hovering near the flatline. Still, Visa rose 1.5%, and J&J rose 0.5% ahead of its earnings Wednesday.
2026-07-13
US Futures Pull Back
Futures tracking US equity indices were firmly lower on Monday, pressured by fresh weakness for AI companies and more macroeconomic uncertainty. Contracts for the S&P 500 fell 0.3% and those for the Nasdaq 100 fell over 1%, while the Dow was only marginally below the flatline. Chip producers were under fresh pressure to indicate persistent uncertainty on whether the sector will deliver the ambitious guidance that backed its speculative rally. SK Hynix ADRs were 8% down after surging 13% in its issue on Friday as a Korean broker stated it could miss its next earnings. Nvidia, AMD, and Intel fell over 1% premarket while memory producers Sandisk and Micron lost more than 3%. Other sectors were also under pressure as repeated strikes between the US and Iran continued to hamper energy exports out of the Middle East, risking inflation and lifting credit costs. Major banks were mixed ahead of their earnings reports tomorrow, with JPMorgan and Bank of America both hovering near the flatline.
2026-07-13