Finance
📊 Market Recap · Jul 17Stocks close lower as semiconductor selloff deepens; energy and insurers gain — July 17, 2026Read →South Korea's Kospi Falls Sharply as U.S. AI-Chip Selloff Spreads to Samsung and SK Hynix
Doubts over whether record AI infrastructure spending will pay off dragged Asian memory-chip makers lower after a trillion-dollar rout in U.S. semiconductor stocks, while U.S. futures showed a partial rebound.
June Housing Starts Rose 19% and Retail Sales Grew 0.2% as Fed Weighs July 29 Rate Decision
A multifamily surge lifted overall home construction while consumer spending cooled, leaving the Federal Reserve with conflicting signals days before its late-July meeting.
10% Global Tariff Set to Expire by Law July 24 as Appeals Court Keeps It in Force Pending Ruling
A blanket 10% U.S. import tariff imposed under Section 122 of the Trade Act of 1974 is scheduled to lapse automatically on July 24, 2026, even as a trade court's ruling that it is unlawful remains stayed on appeal.
Tesla and Alphabet Report Earnings This Week as Investors Weigh Payoff From Record AI Spending
Both companies report during the July 20 trading week, days after a semiconductor selloff, with capital-spending guidance the metric markets say they are watching most.
Senate Crypto Market-Structure Bill Released in Revised Form With No Democratic Backing Ahead of August Recess
A merged Senate draft of the CLARITY Act, combining Banking and Agriculture Committee text, surfaced in mid-July without the ethics provision Democrats are demanding; a July 16-17 White House meeting with Trump aimed at resolving the impasse did not produce revised text, and the bill still lacks the Democratic votes it needs to reach 60, with disputes over ethics rules, developer protections and stablecoin yield unresolved.
Fed July Rate-Hike Bets Swing as Oil-Price Spike and Soft Wholesale Data Pull in Opposite Directions
Market-implied odds of a rate increase at the Federal Reserve's July 28-29 meeting fell after a weaker-than-expected June producer price report, even as renewed Strait of Hormuz tensions pushed oil higher.
U.S. Refunds $86 Billion of Struck-Down Tariffs as Legal Fight Over the Rest Continues
After the Supreme Court ruled the IEEPA tariffs illegal, Customs and Border Protection has repaid $86.3 billion of about $166 billion collected, with June's payout swelling the monthly deficit.
SpaceX Shares Close at Record Low, Below June IPO Price, After Six-Day Slide
Shares of the newly public rocket-and-AI company have fallen about 45% from their post-listing peak amid concerns over losses in its AI unit, a Starship launch abort, and looming lockup expirations.
War-Risk Insurance for Tankers in the Strait of Hormuz Jumps Again as U.S.-Iran Fighting Resumes
Marine insurers are quoting single-voyage war-risk rates as high as 10% of a ship's value after a mid-July collapse of the U.S.-Iran truce, raising the cost of moving oil through a waterway that carries roughly a fifth of the world's crude.
China's Q2 2026 GDP Growth Slows to 4.3%, Below Official Target, as Exports Hit Multiyear High
China's second-quarter growth came in under Beijing's own 4.5%-5% target range even as June exports surged on chips, cars and rare earths, deepening a split between strong external trade and weak spending at home.
Netflix Beats Q2 Estimates but Guides Q3 Revenue Below Wall Street Forecasts; Shares Hit 52-Week Low
Netflix's third-quarter revenue outlook came in modestly under analyst expectations, driving a sharp stock decline and reviving debate over whether the company's growth is maturing or genuinely stalling.
Nasdaq Falls About 1.5% as Chip Selloff and Netflix's Weak Guidance Weigh on U.S. Stocks
A multi-day, mutually reinforcing retreat from AI and semiconductor shares across Asia and Wall Street culminated on July 16-17, 2026, in a U.S. selloff amplified by a soft third-quarter forecast from Netflix.