{"id":5359,"date":"2026-07-07T15:15:38","date_gmt":"2026-07-07T15:15:38","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5359"},"modified":"2026-07-07T15:15:38","modified_gmt":"2026-07-07T15:15:38","slug":"dow-gains-160-points-as-chip-selloff-drags-nasdaq-ahead-of-earnings-season","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5359","title":{"rendered":"Dow gains 160 points as chip selloff drags Nasdaq ahead of earnings season"},"content":{"rendered":"
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Dow Jones opened higher on Tuesday even as the Nasdaq came under pressure from another broad selloff in semiconductor stocks, highlighting a divergence in US equity markets ahead of the second-quarter earnings season.<\/p>\n

The Dow Jones Industrial Average gained about 160 points, or 0.3%, while the Nasdaq Composite fell around 0.7%. <\/p>\n

The S&P 500 slipped 0.25% as weakness in chipmakers weighed on the broader technology sector.<\/p>\n

The mixed performance follows Monday’s session, when the Dow briefly crossed the 53,000 mark for the first time and closed above the milestone, while the S&P 500 and Nasdaq Composite posted solid gains led by a rebound in semiconductor stocks.<\/p>\n

Dow outperforms as chip stocks pressure Nasdaq<\/h2>\n

The Dow’s relative strength contrasted with declines across major semiconductor names in trading.<\/p>\n

Micron Technology fell about 6.9%, while KLA, Marvell Technology, Broadcom and Advanced Micro Devices also traded lower. <\/p>\n

Nvidia lost more than 1.4% after a Reuters report said Chinese startup DeepSeek is developing its own artificial intelligence chip, a move that could reduce its reliance on chips from Nvidia and Samsung.<\/p>\n

Memory stocks were among the biggest decliners. <\/p>\n

Western Digital dropped more than 6%, while SanDisk also fell 8% as investors continued to take profits after the sector’s strong rally over the past year.<\/p>\n

Dow was supported by gains in software companies including Microsoft, Salesforce and IBM, helping the blue-chip index outperform despite broader weakness in technology hardware stocks.<\/p>\n

Meanwhile, SpaceX was set to join the Nasdaq-100 on Tuesday<\/a>, with its shares trading modestly higher ahead of the index inclusion after the industry’s mandatory quiet period expired.<\/p>\n

Samsung selloff weighs on global chip sector<\/h2>\n

The latest wave of selling began in Asia after South Korea’s Kospi index dropped nearly 5%, driven by heavy losses in semiconductor companies.<\/p>\n

Samsung Electronics fell nearly 7%<\/a> despite reporting a 19-fold increase in second-quarter operating profit. <\/p>\n

Investors appeared to focus instead on concerns about spending, demand and elevated expectations following the stock’s strong rally.<\/p>\n

SK Hynix also declined sharply, extending weakness across the memory-chip industry. <\/p>\n

The company is scheduled to begin trading on the Nasdaq later this week, giving investors another closely watched event for the semiconductor sector.<\/p>\n

The weakness spread into Europe, where the STOXX 600 index edged lower, before reaching US markets.<\/p>\n

Analysts said the market reaction reflects heightened expectations heading into earnings season after semiconductor stocks led much of this year’s rally.<\/p>\n

Earnings and Fed remain in focus<\/h2>\n

Investors are now turning their attention to the second-quarter earnings season, which is expected to test whether artificial intelligence-related companies can justify their elevated valuations.<\/p>\n

Market participants are also awaiting minutes from the Federal Reserve’s latest policy meeting on Wednesday, the first under Chair Kevin Warsh.<\/p>\n

According to LSEG data, traders currently expect at least one 25-basis-point interest rate increase before the end of the year.<\/p>\n

Outside the technology sector, Fiserv rose<\/a> after reports that the payments company had discussed selling its debit card payments infrastructure business to major US banks, including JPMorgan Chase and Bank of America.<\/p>\n

Rivian shares fell more than 10% after the electric vehicle maker launched an offering of 75 million shares despite forecasting second-quarter revenue above analysts’ estimates.<\/p>\n

Oil prices also moved higher following reports of attacks on vessels near the Strait of Hormuz, adding another factor for investors to monitor as markets head into a busy week of earnings and monetary policy updates.<\/p>\n

The post Dow gains 160 points as chip selloff drags Nasdaq ahead of earnings season<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Dow Jones opened higher on Tuesday even as the Nasdaq came under pressure from another broad selloff in semiconductor stocks, highlighting a divergence in US equity markets ahead of the second-quarter earnings season.The Dow Jones Industrial Average gained about 160 points, or 0.3%, while the Nasdaq Composite fell around 0.7%. The S&P 500 slipped 0.25%…<\/p>\n","protected":false},"author":1,"featured_media":5360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5359"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5360"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}