Stock Market Update
15-Jul-26 11:35 ET
Market shows reslience despite semiconductor retreat
Dow +181.90
at 52690.17,
Nasdaq +102.99
at 26231.00,
S&P +17.98
at 7561.57
[BRIEFING.COM] The S&P 500 (+0.3%), Nasdaq Composite (+0.4%), and DJIA (+0.4%) are holding on to modest gains just before midday.
Recent choppiness across semiconductor stocks continues to be a factor, with the PHLX Semiconductor Index down 2.8% after a nice gain yesterday. Memory names such as Micron (MU 907.80, -75.32, -7.66%) and Sandisk (SNDK 1556.40, -201.42, -11.46%) are particularly weak, while outside of the S&P 500, SK hynix Inc. (SKHY 175.92, -18.00, -9.28%) moves lower following yesterday's sharp rebound.
The information technology sector (-0.7%) is a laggard, though the losses are somewhat offset by a strong showing from other mega-cap tech names, including Microsoft (MSFT 395.82, +10.89, +2.83%) and Apple (AAPL 325.96, +11.10, +3.53%).
Similar gains in Alphabet (GOOG 370.27, +12.94, +3.62%) and Amazon (AMZN 255.96, +8.47, +3.42%) help the communication services (+2.7%) and consumer discretionary (+1.9%) sectors outperform.
A total of six S&P 500 sectors trade higher, with another favorable inflation reading in the June PPI report (-0.3%; Briefing.com consensus 0.1%) and a retreat in oil prices adding support.
So far, today's action reflects the back-and-forth trend between semiconductors and the broader market, with strength across other mega-cap tech names helping offset another slide in chipmakers.
