Dow Holds Steady While Nasdaq Stumbles: What Moved Markets This Week
This article analyzes the week's market movements as of July 17, 2026. The Nasdaq Composite fell 2.5% for the week, driven by a historic crash in South Korean markets, IBM's worst day since 1987, and concerns over unsustainable AI infrastructure spending after TSMC raised its capex forecast. The Dow Jones Industrial Average held relatively steady, down only 0.3% on Friday, buoyed by strong earnings from Travelers and UnitedHealth Group. Key tech stocks including Alphabet, Meta, and Netflix declined due to AI model delays, layoff lawsuits, and disappointing earnings. Space Exploration Technologies (SPCX) fell 5% post-IPO. Oil prices surged 3.6% amid escalating US-Iran conflict. The article notes a shift in investor sentiment, with growing skepticism about the sustainability of massive AI spending.
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