How did the Nasdaq perform?

The Nasdaq closed lower, dragged down by technology and semiconductor stocks.

Did Amazon and Google stocks get affected?

Amazon and Alphabet stocks were relatively stable and not significantly impacted by the decline.

Wall Street Falls as Chip Stocks Slump, Ending Two-Day Rally

Wall Street ended a two-day advance on Thursday as chip-related stocks slumped. The Nasdaq composite led the decline, with major semiconductor names like Nvidia and AMD falling.

July 16, 2026

2 min read

Source: MT Newswires

Wall Street's main stock indexes fell on Thursday, driven by a sharp decline in chip-related stocks, snapping a two-day winning streak.

Reasons for the Decline

The sell-off was concentrated in semiconductor stocks, with Nvidia (NVDA) and AMD (AMD) posting notable losses. No specific catalyst was cited in the report, but the pullback follows a strong rally in previous sessions.

Index Performance

The Nasdaq Composite closed lower, weighed down by technology stocks. The Dow Jones Industrial Average and S&P 500 also declined, though to a lesser extent.

Other Sector Moves

Defensive stocks showed mixed performance. Healthcare names like UnitedHealth (UNH) and Abbott Laboratories (ABT) were relatively stable, while mega-cap tech such as Amazon (AMZN) and Alphabet (GOOGL) held up better.

What This Means for Investors

The move highlights continued volatility in tech and semiconductor stocks. For long-term investors, the dip may present buying opportunities, but caution is warranted given the lack of a clear trigger.

Frequently Asked Questions

Wall Street fell due to a slump in chip stocks like Nvidia and AMD, ending a two-day rally.

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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.