DJIA Futures\ \ 52926.00\ \ 0.05%
S&P 500 Futures\ \ 7586.00\ \ -0.38%
Nasdaq Futures\ \ 29388.00\ \ -1.03%
Dollar Index\ \ 96.94\ \ 0.06%
S&P GSCI Index Spot\ \ 668.02\ \ 0.53%
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July 16, 2026 at 8:34am ET
Stock Market Today: Nasdaq Set to Open Lower as Chip Stocks Come Under Pressure
Oil prices hold steady
Whipsaw moves in chip stocks are front and center again this morning, with steep drops in SK Hynix and Samsung sending South Korea’s Kospi index more than 6% lower, and AI stocks sliding before the opening bell stateside.
Taiwan Semiconductor Manufacturing posted its fifth straight quarter of record earnings earlier today, but that wasn’t enough to lift investors’ moods. Nasdaq-100 futures are slipping, with Sandisk, Western Digital and Micron among the biggest losers premarket.
The moves continue a choppy stretch for the sector as other factors have started to pull traders’ focus—namely, earnings season and growing tensions between Washington and Tehran.
After surging earlier this week, oil prices seem to be taking the latest headlines in stride, including my colleagues’ reporting that President Trump is leaning toward expanding U.S. military operations in Iran.
It’s another busy day for earnings and data. On tap: June retail sales and data on U.S. housing, as well as earnings from UnitedHealth, U.S. Bancorp and Netflix.
—By Caitlin McCabe
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