Daily Market Report – July 17, 2026
Market Report – July 17, 2026
Markets
The S&P 500 (SPX) recently fell 1.1 percent, the Nasdaq Composite (IXIC) around 1.6 percent. The Philadelphia Semiconductor Index (SOX) loses more than 2 percent and is 23.5 percent below its high from June 22. Investors are reducing highly valued AI positions; new Chinese models and doubts about the returns on high investments are intensifying the sell-off.
In Asia, the Nikkei 225 (NI225) falls 4 percent, the Taiwanese benchmark index (TAIEX) around 6 percent. In Europe, the STOXX Europe 600 (SXXP) loses 0.3 percent; technology stocks decline more than 3 percent.
WTI Crude Oil (CL1!) rises to around 81 dollars, Brent (UKOIL) is quoted near 88 dollars. The escalation between the USA and Iran increases the risks for deliveries through the Strait of Hormuz; government bonds and gold (GOLD) are in demand.
Companies & Earnings Season
Netflix (NFLX) drops about 11 percent. The outlook for the third quarter misses expectations; additionally, it is a burden that the company plans to publish less detailed information on viewer usage.
Apple (AAPL) surpasses Nvidia (NVDA) as the most valuable publicly traded company. Apple's market value reaches approximately 4.88 trillion dollars, while Nvidia, after a price loss of about 3.5 percent, stands at around 4.86 trillion dollars.
Taiwan Semiconductor Manufacturing (TSM) falls despite a profit increase of 77 percent. The decline in the stock price shows that strong results do not currently offset concerns about valuations, rising AI spending, and new Chinese competition.
Saab (SAAB_B) rises nearly 10 percent after strong quarterly results, Tomra Systems (TOM) gains around 12 percent. Burberry (BRBY) loses more than 6 percent as the Middle East conflict weighs on international tourism and luxury demand.
Electronic Arts (EA) is on the verge of EU approval for the $55 billion acquisition by a consortium led by the Saudi sovereign wealth fund PIF. The transaction would be the largest leveraged buyout in history.
Macroeconomics
US housing starts rose in June according to the U.S. Census Bureau by 19 percent to an annualized 1.427 million. The increase is mainly due to multi-family homes; starts for single-family homes fell for the third consecutive month by 0.2 percent.
U.S. building permits fall according to the U.S. Census Bureau by 3 percent to an annualized 1.367 million. Permits for single-family homes decrease to 871,000, marking the lowest level in ten months.
According to Eurostat, inflation in the Eurozone fell to 2.8 percent in June from 3.2 percent in May. EU inflation decreased to 2.9 percent; higher oil prices remain the central upward risk.
The current account surplus of the Eurozone rises according to the European Central Bank in May to 25 billion euros from 17 billion euros. However, on a twelve-month basis, the surplus decreases to 1.7 percent of gross domestic product.