The Philadelphia Semiconductor Index of the U.S. stock market fell into a technical bear market, and Apple took the first place in market value during the session; the US military attacked Iran for the seventh consecutive night
[Dahe Finance Cube News] Affected by factors such as intensified geopolitical risks in the Middle East and continued market concerns about the prospects of AI investment returns, the three major U.S. stock indexes continued to fall on July 17, local time. U.S. stocks closed lower, with the Philadelphia Semiconductor Index falling into a technical bear market. As of the close, the Dow Jones Industrial Average fell 0.77%, the S&P 500 Index fell 1.01%, and the Nasdaq Composite Index fell 1.4%. On a weekly basis, the Dow Jones Industrial Average fell 0.93% this week, the S&P 500 Index fell 1.55% this week, and the Nasdaq Composite Index fell 2.9% this week.
[Dahe Finance Cube News] Affected by factors such as intensified geopolitical risks in the Middle East and continued market concerns about the prospects of AI investment returns, the three major U.S. stock indexes continued to fall on July 17, local time. U.S. stocks closed lower, with the Philadelphia Semiconductor Index falling into a technical bear market As of the close, the Dow fell 0.77%, the S&P 500 fell 1.01%, and the Nasdaq fell 1.4%. On a weekly basis, the Dow Jones Industrial Average fell 0.93% this week, the S&P 500 Index fell 1.55% this week, and the Nasdaq Composite Index fell 2.9% this week. Technology stocks became an important factor dragging down the index, with the US Big Seven Technology Index falling 1.59%. Facebook fell more than 2%, Tesla fell more than 2%, Nvidia fell more than 2%, Google fell more than 2%, Microsoft fell nearly 2%, Amazon fell more than 1%, and Apple rose 0.14%. Apple once surpassed Nvidia during the session and returned to the throne of the world's most valuable company. Chip stocks generally fell. The Philadelphia Semiconductor Index fell by 1.63%. The intraday decline reached 5.7%. It has retraced approximately 20.2% from the historical high reached in late June, falling into a technical bear market (a decline of 20% from the recent high). In terms of individual stocks, Applied Materials fell by more than 5%, Ketian Semiconductor fell by more than 3%, TSMC fell by nearly 3%, ASML fell by more than 2%, Intel fell by 2%, and AMD Semiconductor fell by more than 1%. The four storage giants had mixed gains and losses, with SanDisk falling nearly 4%, Micron Technology falling slightly by 0.5%, Western Digital rising 2.23%, and Seagate Technology rising 5.66%. However, on a weekly basis, all four stocks fell sharply, with SanDisk falling 29%. Most Chinese concept stocks fell, with the Nasdaq China Golden Dragon Index falling 1.81% and the Wind China Concept Technology Leading Index falling 2.65%. Kingsoft Cloud fell by more than 5%, Bilibili fell by more than 5%, Baidu Group fell by nearly 5%, GDS fell by nearly 5%, and Pony.ai fell by more than 4%. US military launches new round of strikes against Iran The U.S. Central Command posted on social media on the 17th that the U.S. military launched a new round of strikes against Iran at 15:00 Eastern Time that day. This was the seventh consecutive night of such actions, aiming to "continue to weaken Iran's military capabilities." Earlier in the day, the U.S. Central Command issued a statement saying that the U.S. military destroyed a surveillance tower in the Iranian port of Chabahar on the 16th, saying that the tower was "part of the maritime surveillance network of Iran's Islamic Revolutionary Guard Corps and has been used for decades to track and target merchant ships passing through the Strait of Hormuz." In recent days, the US military has launched successive military strikes against Iran. The U.S. Central Command said on the 16th that the U.S. military launched a large-scale attack on Iran that day, and the operation lasted a total of 7 hours and 40 minutes. The US military used fighter jets, drones and warships to launch precision-guided munitions and hit dozens of Iranian military targets, including coastal surveillance and air defense facilities, military logistics infrastructure and maritime combat facilities. Iran launches cruise missiles against US warships The Iranian army issued a statement on the 17th local time saying that the Iranian navy used shore-based cruise missiles to attack a US ship located in the northern Indian Ocean. The ship was forced to sail away from Iran's strike range. On the 17th local time, Mohsin Rezai, the military adviser to Iran’s supreme leader, said that the United States had violated the terms of the US-Iran memorandum of understanding, and now this memorandum of understanding exists in name only. International oil prices rose significantly on the 17th As of the close of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange rose by US$3.54 to close at US$82.49 per barrel, an increase of 4.48%; the price of London Brent crude oil futures for September delivery rose by US$3.87 to close at US$88.10 per barrel, an increase of 4.59%. [Dahecai Cube Comprehensive Wind, Xinhua News Agency, CCTV News] (