Chip Stocks Drag Down Nasdaq and S&P 500, Despite Strong Earnings
Published on: July 17, 2026, 12:08 a.m. | Source: Devdiscourse
Chip stocks led the Nasdaq and S&P 500 down despite strong U.S. economic data and earnings. Technology, heavily reliant on chip performance, saw a notable drop. Despite TSMC's high profits, investor concerns about the cyclical nature of the chip industry persist, impacting major indices negatively.
