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Tech stocks face selling pressure; Dow Jones pulls back after hitting new high of 53,289
July 8, 2026
Technology stocks under pressure, Dow falls after hitting new high of 53,289
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Semiconductor sell-off and rising international oil prices weighed on U.S. stocks Tuesday. The Dow opened 48 points higher, then widened gains to as much as 233 points, hitting a new intraday record of 53,289 before reversing and falling as much as 281 points to a low of 52,774. The S&P 500 at one point fell 0.78%, while the tech-heavy Nasdaq slid up to 1.67%.
Brokerage recommends buying SpaceX; Morgan Stanley target $300 Reuters reports that China's DeepSeek is opening... (Excerpt)