{"id":82230,"date":"2026-07-17T16:43:54","date_gmt":"2026-07-17T06:43:54","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=82230"},"modified":"2026-07-17T16:43:55","modified_gmt":"2026-07-17T06:43:55","slug":"friday-17th-july-2026-u-s-stock-futures-slip-as-chip-stocks-extend-losses","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-17th-july-2026-u-s-stock-futures-slip-as-chip-stocks-extend-losses\/","title":{"rendered":"Friday 17th July 2026: U.S. Stock Futures Slip as Chip Stocks Extend Losses"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0Asian Stock Markets : Nikkei down 4.71%, Shanghai Composite down 1.64% Hang Seng down 1.99% ASX down 0.73%<\/li>\n\n\n\n<li>Commodities : Gold at $3,993.12 (0.04%) Silver at $55.600 (-1.03%), Brent Oil at 85.06 (0.97%), WTI Oil at $79.85 (1.11%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.547, UK 10-year yield at 4.9719, Germany 10-year yield at 3.1376<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Core retail salesI m\/m\u00a0 0.2%\u00a0 to 0.0%\u00a0 expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>U.S. stock futures edged lower on Thursday after a weak Wall Street session driven by losses in semiconductor stocks, while investors assessed the latest corporate earnings. Dow Jones futures slipped 62 points, or 0.1%, with S&amp;P 500 futures down 0.2% and Nasdaq-100 futures losing 0.3%.<\/p>\n\n\n\n<p>Asian markets also opened weaker on Friday. Japan\u2019s Nikkei 225 fell 0.6%, while the Topix declined 0.3%. Australia\u2019s S&amp;P\/ASX 200 dropped 0.2%, and South Korean markets remained closed for a public holiday.<\/p>\n\n\n\n<p>Netflix shares tumbled more than 8% after reporting second-quarter results that largely matched analyst expectations, disappointing investors hoping for stronger growth.<\/p>\n\n\n\n<p>Chipmakers led Thursday\u2019s market decline, pushing the S&amp;P 500 down 0.5%, the Nasdaq Composite 1.5%, and the Dow Jones Industrial Average 0.2%. The VanEck Semiconductor ETF lost nearly 4%, with Taiwan Semiconductor falling over 2% despite posting strong profit growth and raising its full-year capital spending outlook. Marvell Technology, STMicroelectronics, and Micron also declined.<\/p>\n\n\n\n<p>The semiconductor ETF is now down 6.9% for the week, while the S&amp;P 500, Dow, and Nasdaq have also posted weekly losses. Despite recent weakness in AI-related stocks, the S&amp;P 500 remains just 1% below its record high reached in early June. Strategist Ed Clissold said the market\u2019s resilience suggests the bull market remains intact and a recession is unlikely, though short-term consolidation could ease excessive valuations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:<br \/><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>02:00 PM GMT &#8211; USD Prelim UoM Consumer Sentiment<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: U.S. stock futures edged [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-82230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=82230"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82230\/revisions"}],"predecessor-version":[{"id":82231,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82230\/revisions\/82231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=82230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=82230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=82230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}