Stock Market Update
17-Jul-26 12:05 ET
Market churns as semis improve
Dow -127.49
at 52425.48,
Nasdaq -337.40
at 25565.55,
S&P -54.22
at 7479.55
[BRIEFING.COM] The major averages remain lower across the board at midday, settling into a relatively stable range.
Interestingly, semiconductor stocks are seeing considerable improvements from their earlier levels, with the PHLX Semiconductor Index now down just 0.8% after being down over 4%. The information technology sector (-0.8%) has benefited as a result. However, not much has changed at the index level, as investors are now rotating out of the broader market. Only five S&P 500 sectors now trade higher, with the energy sector (+0.7%) now the only sector with a gain wider than 0.5%.
