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Late at night, U.S. chip stocks plummeted! Trump continues to pressure the Fed

2026-07-28·newswire-us-stock-183740
Late at night, U.S. chip stocks plummeted! Trump continues to pressure the Fed.

On Tuesday local time, U.S. stocks opened, and the chip sector continued yesterday's decline. The three major U.S. stock indexes opened mixed. The Dow Jones rose 0.8% and the Nasdaq fell more than 1%. In terms of sectors, the Philadelphia Semiconductor Index fell more than 5%.

SanDisk fell more than 15%, Western Digital and Seagate Technology fell more than 10%, and Micron Technology and SK Hynix fell nearly 10%. The Big Seven technology index stabilized somewhat, with Microsoft, which is about to release its earnings report, rising 2.5%.

Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index rising by more than 1%. Jingdong Group and NetEase rose more than 3%, while Xiaomi Group, BYD, Meituan, Pinduoduo, etc. rose more than 1%.

In the bond market, investors will pay close attention to the Federal Reserve's interest rate decision to be released on Wednesday, with major Treasury bond yields showing little change. Trump continues to pressure Fed The Federal Reserve will release the results of its July interest rate meeting on Wednesday local time.

Although Chairman Warsh has repeatedly emphasized the independence of the Federal Reserve, US President Trump still exerts pressure on him.

He publicly expressed his support for Federal Reserve Chairman Kevin Warsh, saying that he was trying to take the "right steps"; at the same time, he once again asked the Federal Reserve to significantly lower interest rates. Trump praised Warsh for his "excellent performance" but also harshly criticized other members of the Fed's board of governors.

Trump pointed out that some Fed officials had "bad intentions" and hindered the implementation of interest rate reduction policies. Trump emphasized that the United States should have the “lowest interest rate level in the world” and claimed that reasonable interest rate policies can promote the annual growth of U.S.

gross domestic product (GDP) between 8% and 12%. Currently, the market generally expects the Federal Reserve to keep interest rates unchanged, but the probability of raising interest rates in the next two months is increasing.

CME Group FedWatch shows the Fed is expected to keep interest rates at 3.75% on Wednesday, with a 56% chance of raising interest rates in September. Barclays' second-quarter profit surges Barclays Bank's second-quarter financial report once again confirmed that banking stocks have greatly benefited from this round of technology bull market.

The company's financial report shows that pre-tax profit in the second quarter was 3.3 billion pounds (equivalent to 4.4 billion U.S. dollars), compared with 2.5 billion pounds in the same period last year, a significant year-on-year increase.

Among them, the trading business has become the main driver of performance, and the revenue of this segment in US dollars increased by 17% year-on-year.

Among them, bond trading revenue is basically flat; the bank is trying to get rid of the traditional bond business positioning and vigorously develop stock business, and the stock market business revenue increased by 44% year-on-year.

The six major Wall Street banks (including Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America, Citigroup, and Wells Fargo) all delivered eye-catching financial reports that exceeded expectations, with revenue and net profit generally achieving substantial year-on-year growth.

Data show that the unprecedented activity in the capital market is the core increase supporting the sharp increase in profits of Wall Street financial institutions. In the second quarter of 2026, the global IPO (initial public offering) market continued to accelerate.

According to PwC data, the scale of traditional IPO fundraising in the current period was approximately US$114.1 billion, a surge of more than six times from US$14.8 billion in the same period in 2025.

#Stocks #Microsoft #Semiconductors #Fed #Bonds

Full text

Late at night, U.S. chip stocks plummeted! Trump continues to pressure the Fed

On Tuesday local time, U.S. stocks opened, and the chip sector continued yesterday's decline. The three major U.S. stock indexes opened mixed. The Dow Jones rose 0.8% and the Nasdaq fell more than 1%. In terms of sectors, the Philadelphia Semiconductor Index fell more than 5%. SanDisk fell more than 15%, Western Digital and Seagate Technology fell more than 10%, and Micron Technology and SK Hynix fell nearly 10%. The Big Seven technology index stabilized somewhat, with Microsoft, which is about to release its earnings report, rising 2.5%. Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index rising by more than 1%.

On Tuesday local time, U.S. stocks opened, and the chip sector continued yesterday's decline. The three major U.S. stock indexes opened mixed. The Dow Jones rose 0.8% and the Nasdaq fell more than 1%. In terms of sectors, the Philadelphia Semiconductor Index fell more than 5%. SanDisk fell more than 15%, Western Digital and Seagate Technology fell more than 10%, and Micron Technology and SK Hynix fell nearly 10%. The Big Seven technology index stabilized somewhat, with Microsoft, which is about to release its earnings report, rising 2.5%. Chinese concept stocks performed strongly, with the Nasdaq China Golden Dragon Index rising by more than 1%. Jingdong Group and NetEase rose more than 3%, while Xiaomi Group, BYD, Meituan, Pinduoduo, etc. rose more than 1%. In the bond market, investors will pay close attention to the Federal Reserve's interest rate decision to be released on Wednesday, with major Treasury bond yields showing little change. Trump continues to pressure Fed The Federal Reserve will release the results of its July interest rate meeting on Wednesday local time. Although Chairman Warsh has repeatedly emphasized the independence of the Federal Reserve, US President Trump still exerts pressure on him. He publicly expressed his support for Federal Reserve Chairman Kevin Warsh, saying that he was trying to take the "right steps"; at the same time, he once again asked the Federal Reserve to significantly lower interest rates. Trump praised Warsh for his "excellent performance" but also harshly criticized other members of the Fed's board of governors. Trump pointed out that some Fed officials had "bad intentions" and hindered the implementation of interest rate reduction policies. Trump emphasized that the United States should have the “lowest interest rate level in the world” and claimed that reasonable interest rate policies can promote the annual growth of U.S. gross domestic product (GDP) between 8% and 12%. Currently, the market generally expects the Federal Reserve to keep interest rates unchanged, but the probability of raising interest rates in the next two months is increasing. CME Group FedWatch shows the Fed is expected to keep interest rates at 3.75% on Wednesday, with a 56% chance of raising interest rates in September. Barclays' second-quarter profit surges Barclays Bank's second-quarter financial report once again confirmed that banking stocks have greatly benefited from this round of technology bull market. The company's financial report shows that pre-tax profit in the second quarter was 3.3 billion pounds (equivalent to 4.4 billion U.S. dollars), compared with 2.5 billion pounds in the same period last year, a significant year-on-year increase. Among them, the trading business has become the main driver of performance, and the revenue of this segment in US dollars increased by 17% year-on-year. Among them, bond trading revenue is basically flat; the bank is trying to get rid of the traditional bond business positioning and vigorously develop stock business, and the stock market business revenue increased by 44% year-on-year. The six major Wall Street banks (including Goldman Sachs, JPMorgan Chase, Morgan Stanley, Bank of America, Citigroup, and Wells Fargo) all delivered eye-catching financial reports that exceeded expectations, with revenue and net profit generally achieving substantial year-on-year growth. Data show that the unprecedented activity in the capital market is the core increase supporting the sharp increase in profits of Wall Street financial institutions. In the second quarter of 2026, the global IPO (initial public offering) market continued to accelerate. According to PwC data, the scale of traditional IPO fundraising in the current period was approximately US$114.1 billion, a surge of more than six times from US$14.8 billion in the same period in 2025.

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