Stock Market Today, July 17: Stocks Slide as Semiconductor Rout Deepens
Chip stocks tumbled amid geopolitical tensions and valuation concerns, while Travelers surged on earnings, today, July 17, 2026.
Overview
The Nasdaq Composite (NASDAQINDEX:^IXIC) fell 1.40% to 25,520, the S&P 500 (SNPINDEX:^GSPC) lost 1.02% to 7,457, and the Dow Jones Industrial Average (DJINDICES:^DJI) 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.
Details
The Travelers Companies jumped 9% after reporting a significant second-quarter earnings beat. Insurance peers, including Progressive and Allstate, also gained. Nvidia shares slid as investors rotated out of the artificial-intelligence (AI) bellwether. The semiconductor sell-off weighed on Advanced Micro Devices and Intel, while Alphabet shares fell on reports that its Gemini 3.5 Pro AI model launch would be delayed.
Source
Originally published at www.fool.com.