[New York Stock Exchange] All Major Indices Fall as Semiconductor Sector Slumps

Walmart and JPMorgan Chase Among Gainers

On July 7 (local time), the three major U.S. stock indices are all declining, reacting sensitively to the ups and downs in the semiconductor sector. The Dow Jones Index continues to fluctuate around the 53,000 mark.

As of 10:10 a.m. on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average stands at 53,035.46, down 20.45 points (0.04%) from the previous trading day. The S&P 500 Index, which is centered on large-cap stocks, has fallen by 31.20 points (0.41%) to 7,506.23, while the tech-heavy Nasdaq Index is down 291.32 points (1.12%) at 25,829.83.

The indices are being dragged down by continued selling in artificial intelligence (AI)-related stocks. AMD is down 8.20%, Intel 9.63%, Applied Digital 7.31%, Cisco Systems 0.46%, Qualcomm 2.73%, Micron 7.52%, Nvidia 1.31%, Apple 0.27%, and Broadcom 2.51%.

According to CNBC, investors are reallocating funds to major companies in other sectors of the market, such as healthcare, finance, and big tech. Walmart is up 2.35%, Microsoft 1.80%, JPMorgan Chase 0.77%, and Eli Lilly 2.65%.

Citing the sell-off in the semiconductor sector on South Korea's KOSPI index, CNBC identified this as a factor behind the downward pressure on AI-related stocks. Despite announcing a sharp increase in second-quarter net profit, Samsung Electronics plunged nearly 7%.

Adam Crisafulli of Vital Knowledge commented, "The response to Samsung Electronics shows one of the biggest risks the market will face over the next few weeks," adding, "While the second-quarter earnings are likely to be quite robust on an absolute basis, expectations are currently very optimistic—unlike in the first-quarter season—which means the bar has been set much higher."

A foreign media report that DeepSeek is developing its own AI chip also affected market sentiment, as it could reduce DeepSeek's reliance on AI semiconductor chip companies such as Nvidia. This could also have implications for Samsung Electronics.

Meanwhile, SpaceX is trading at $151.16, down 5.77% from the previous session—remaining near its opening price. Despite analysts' optimistic outlook, the downward pressure appears to persist.

This content was produced with the assistance of AI translation services.