Stock Market Today, July 17: Stocks Slide as Semiconductor Rout Deepens

Yahoo Finance ·

The Nasdaq Composite ( ^IXIC 1.40% ) fell 1.40% to 25,520, the S&P 500 ( ^GSPC 1.01% ) lost 1.02% to 7,457, and the Dow Jones Industrial Average ( ^DJI 0.77% ) slipped 0.77% to 52,146, extending a tech-led sell-off as a worsening semiconductor rout outweighed strong insurance sector earnings. Gold prices rose 0.57% to $4,010.55 as of U.S. market close, and the 10-Year Treasury yield climbed 0.02% to 4.55%. The energy sector was the only gainer today, with communication stocks and consumer cyclicals the worst hit.

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The stock market declined due to the weakness in the semiconductor sector. The Nasdaq Composite Index fell 1.40% to 25,520, and the S&P 500 fell 1.02% to 7,457. Only the energy sector rose, but the communication and consumer cycle sectors suffered the most.

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