How did Goldman Sachs, GE, Taiwan Semi, and IBM perform?

Goldman rose on strong results, GE fell despite good earnings, TSMC declined on weak demand, and IBM steadied after modest results.

Did the Nasdaq lose ground all week?

Yes, the Nasdaq posted the heaviest losses among major indexes throughout the week, pressured by tech and AI stocks.

Stock Market Losses Led by Nasdaq, AI Stocks; Goldman, GE, TSMC, IBM in Focus

U.S. stock markets posted weekly losses, led by the Nasdaq composite and AI stocks. Key earnings reports from Goldman Sachs, GE, Taiwan Semiconductor, and IBM were in focus.

July 17, 2026

2 min read

Source: Investor's Business Daily

U.S. stock indexes fell this week, with the heaviest losses on the Nasdaq and AI stocks. The week was packed with earnings reports from major companies.

Reasons for the Decline

Analysts attributed the pullback to profit-taking in the tech sector after strong gains, as well as concerns over slowing economic growth and rising interest rates. Weak economic data also weighed on investor sentiment.

Sector Performance

AI stocks led the losers, while bank stocks had mixed performance. Attention was on Goldman Sachs and JPMorgan earnings, which beat expectations but failed to lift the broader market.

Notable Movers

Goldman Sachs (GS): Stock rose after better-than-expected results.
GE Aerospace (GE): Stock fell despite strong earnings.
Taiwan Semiconductor (TSM): Stock declined amid weak chip demand.
IBM (IBM): Stock steadied after modest results.

What It Means for Investors

The moves indicate investor caution, with a focus on earnings quality and guidance. Volatility may persist in the near term pending more economic data.

Frequently Asked Questions

Markets fell due to profit-taking in tech and AI stocks, along with concerns over economic slowdown and rising interest rates.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.