On July 18, the three major U.S. stock indices—the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500—closed collectively in the red. The Dow Jones Industrial Average dropped by 0.77%, the Nasdaq Composite fell by 1.4%, and the S&P 500 index declined by 1.01%, with all three indices registering losses for the week. Large-cap tech stocks, in particular, experienced a broad downturn. The Philadelphia Semiconductor Index plummeted 20.2% from its all-time high on June 22, officially entering a technical bear market territory. Memory-related concept stocks managed to close slightly higher after initially opening lower, while sectors such as semiconductor equipment and materials, airline services, and cryptocurrency-related concepts saw declines. In contrast, the lithium mining, oil and gas, and energy storage sectors demonstrated strong performance.
