U.S. stock futures fell across the board, semiconductors fell sharply before the market opened, SK Hynix fell more than 6%, and international oil prices, gold and silver prices both fell
On the afternoon of July 16, the three major U.S. stock index futures collectively fell before the market opened. As of 16:55, the Dow futures fell 0.03%, the Nasdaq futures fell 0.41%, and the S&P 500 futures fell 0.1%. Big tech stocks mostly higher in premarket , Microsoft, Google, and Oracle rose by more than 1%, Meta and Amazon rose by 0.8%, and Apple rose by 0.38%. Semiconductor sector plummets before opening , SK Hynix fell by more than 6%, SanDisk fell by more than 5%, Western Digital fell by more than 4%, Micron Technology and AMD fell by more than 2%, and Nvidia and Intel fell by more than 1%. TSMC fell more than 3% before the market opened , according to the Financial Associated Press, TSMC announced its results today. Its net profit in the second quarter reached NT$706.6 billion, a year-on-year increase of 77.4%. The market expected it to be NT$623.73 billion. TSMC’s gross profit margin in the second quarter was 67.7%, compared with market estimates of 67.1%. In U.S. dollars, TSMC’s second-quarter revenue reached $40.2 billion, a year-on-year increase of 33.7% and a month-on-month increase of 12.0%. , Xpeng Group rose 4%, Bilibili rose 3%, Ctrip and Beike rose 2%, JD.com, Li Auto, Weilai and Alibaba rose 1%. . New York crude oil fell 0.65% to US$78.61/barrel; Brent crude oil prices fell 0.98% to US$84.11/barrel. , spot gold fell 0.6% to US$4,035.79 per ounce; spot silver fell 1.25% to US$57.02 per ounce. In terms of news, Xinhua News Agency quoted the Islamic Republic of Iran News Agency’s report on the 16th that in the new wave of offensive, Iran destroyed many US military bases and facilities in Bahrain, Kuwait, and Jordan. According to reports, Iran destroyed the radar detection and air control system and oil pumping station of the US military's Sheikh Isa Air Base in Bahrain. It also destroyed the US military's satellite communication center and early warning radar at the Ali Salim Air Force Base in Kuwait, as well as the US military dock in Shuaiba, Kuwait. The Iranian army also used drones to attack radar stations, communication systems and fuel depots at the US military base in Azraq, Jordan.