New York, 16 July 2026 – US stocks closed lower as renewed selling across semiconductor and artificial intelligence-related companies outweighed strong corporate earnings and encouraging economic data, exposing growing investor sensitivity towards elevated technology valuations.
The Nasdaq Composite recorded the sharpest decline, falling about 1.5% to 25,881.95, while the S&P 500 slipped 0.5% to 7,533.77. The Dow Jones Industrial Average declined by a more modest 0.2% to 52,552.97.
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