{"id":5649,"date":"2026-07-21T00:15:30","date_gmt":"2026-07-21T00:15:30","guid":{"rendered":"https:\/\/thecapitalharbor.com\/index.php\/2026\/07\/21\/dow-falls-290-points-as-nasdaq-steadies-on-chip-rebound-earnings-focus\/"},"modified":"2026-07-21T00:15:30","modified_gmt":"2026-07-21T00:15:30","slug":"dow-falls-290-points-as-nasdaq-steadies-on-chip-rebound-earnings-focus","status":"publish","type":"post","link":"https:\/\/thecapitalharbor.com\/index.php\/2026\/07\/21\/dow-falls-290-points-as-nasdaq-steadies-on-chip-rebound-earnings-focus\/","title":{"rendered":"Dow falls 290 points as Nasdaq steadies on chip rebound, earnings focus"},"content":{"rendered":"
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US stocks ended mixed on Monday as investors balanced hopes of easing in the US-Iran conflict against uncertainty ahead of a crucial week of corporate earnings. <\/p>\n

While semiconductor stocks rebounded from last week’s selloff, broader market sentiment remained cautious.<\/p>\n

The Dow Jones Industrial Average fell 297 points, or 0.57%, to close at 51,848.96. The S&P 500 slipped 0.18% to 7,444.19, while the Nasdaq Composite edged down 0.04% to 25,510.27 after trading higher earlier in the session.<\/p>\n

Markets remained focused on geopolitical developments after the United States carried out its ninth consecutive day of strikes on Iran. <\/p>\n

Investor sentiment improved after reports indicated that intermediaries had continued exchanging messages with Tehran, raising hopes for renewed diplomatic efforts. <\/p>\n

Yemen’s Iran-aligned Houthis also announced a naval blockade on Saudi Arabia, increasing concerns about global energy supplies and shipping routes.<\/p>\n

Oil prices remained elevated throughout the session. <\/p>\n

US crude traded around $83 per barrel, while Brent crude hovered near $89 as markets monitored the potential impact of Middle East tensions on the Strait of Hormuz and broader energy markets.<\/p>\n

Semiconductor stocks recover ahead of major tech earnings<\/h2>\n

Chipmakers recovered after last week’s sharp pullback, helping limit losses in technology shares. <\/p>\n

Micron Technology gained more than 1%, while Astera Labs rose over 2%. Teradyne advanced about 3%, and Advanced Micro Devices added roughly 2%<\/a>. The VanEck Semiconductor ETF also posted a modest gain.<\/p>\n

The rebound followed a difficult week for semiconductor stocks after the Philadelphia Semiconductor Index entered bear market territory, closing more than 20% below its late-June record high. <\/p>\n

Investors are now looking to upcoming earnings from Intel and Texas Instruments for signs that demand across the semiconductor sector remains resilient.<\/p>\n

The broader second-quarter earnings season also gathers pace this week, with Alphabet, Tesla and Intel among the major technology companies scheduled to report results. <\/p>\n

According to LSEG data, analysts now expect S&P 500 companies to post year-over-year earnings growth of 26% for the quarter, up from an earlier estimate of 23.7%.<\/p>\n

Alphabet gains while investors await broader earnings signals<\/strong><\/h2>\n

Alphabet shares rose<\/a> after reports that Google is developing a new Gemini-integrated server chip designed to improve AI efficiency and reduce computing constraints. <\/p>\n

The project aims to optimize performance by embedding parts of Gemini directly into the chip architecture.<\/p>\n

Elsewhere, Domino’s Pizza shares advanced<\/a> after the company reported quarterly revenue that slightly exceeded Wall Street expectations.<\/p>\n

Oracle stock fell nearly 4%<\/a> after CLSA initiated coverage with a Hold rating and warned that the company would need $500 billion to support its expansion till 2030. <\/p>\n

Investors largely remained on the sidelines ahead of the week’s earnings releases from technology, energy and consumer companies. <\/p>\n

Corporate guidance, particularly from AI-related businesses, is expected to play a significant role in determining whether the recent weakness in semiconductor stocks marks a temporary correction or a broader shift in market sentiment.<\/p>\n

The post Dow falls 290 points as Nasdaq steadies on chip rebound, earnings focus<\/a> appeared first on Invezz<\/a><\/p>\n

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