US Stocks Fall Further

2026-07-13 17:02 By Andre Joaquim 1 min. read

US stock indices fell further on Monday amid weakness for chip producers and a deteriorating macroeconomic backdrop.

The S&P 500 fell 0.6%, the Nasdaq 100 lost 2% and the Dow dropped over 150 points.

Chip producers sank on persistent concerns that AI hyperscalers will be forced to ease spending on AI infrastructure.

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

Nvidia, AMD, and Intel fell over 3% while memory producers Sandisk and Micron lost 5% and 12%, respectively.

Equities in other sectors fell together with US Treasuries after President Trump said the US would reinstate the blockade of Iranian ships in the Strait of Hormuz, escalating the conflict and risking more inflationary energy shortages.

Major banks were mostly lower ahead of their earnings whit week, with both JPMorgan and Bank of America dropping 0.5%, while Citi fell 1.5%.



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