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Technology stocks fall across the board; US stocks’ three major indexes open lower and face the risk of a bear market

2026-07-17 16:27:28

Abstract generation in progress

Mars Finance reports: According to Gate market data, on Friday, the three major U.S. stock indexes opened lower, with tech stocks falling across the board. The Philadelphia Semiconductor Index fell more than 20% from its historical closing high, with a chance to confirm entry into a bear market. SK Hynix ADR first fell below its $149 issue price. SpaceX’s share price is down 38% from its peak, with a market cap evaporation of about 1 trillion. AMD fell more than 7%, Intel fell more than 6%, and TSMC fell more than 5%. Analysts pointed out that the continued pullback in chip stocks is affected by shifts in fund style and changes in market preferences. Federal Reserve Chair Waller’s dissatisfaction with inflation has increased the market’s expectations for further rate hikes.

SKHY0.89%

SPCX-5.43%

AMD-1.12%

INTC-2.01%

TSM-2.97%

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