Stock Market Today, July 13: SK Hynix Tumbles 15% in South Korea, Leading Semiconductor Drop at Midday
A global chip sector's retreat dragged the Nasdaq lower this morning, as oil surged today, July 13, 2026.
Overview
At midday, the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 1.06% to 26,002.95, and the S&P 500 (SNPINDEX:^GSPC) fell 0.49% to 7,538.37 as growth sectors faltered, while the Dow Jones Industrial Average (DJINDICES:^DJI) declined 0.26% to 52,501.95.
Gold prices dropped 1.78% to $4,015.70 as of midday, and the 10-Year Treasury yield rose 0.03% to 4.60%. Consumer defensive stocks gained 1.03% while healthcare stocks dropped 1.08%.
Details
Memory stocks dipped this morning after SK Hynix stocks plunged in South Korea. Last week, the chipmaker soared after its debut on U.S. exchanges, but today, investors sold off following a brokerage report suggesting it may not meet its quarterly profit estimates. The jitters dragged on peers, including Micron Technology, Seagate Technology, and Sandisk. Biogen gained following a Truist upgrade citing optimism for the company’s Alzheimer’s pipeline.
Source
Originally published at www.fool.com.