Dow Holds Steady While Nasdaq Stumbles: What Moved Markets This Week

4 weeks ago 14

Anders Bylund, The Motley Fool

Fri, July 17, 2026 astatine 12:20 PM CDT 4 min read

Friday greeting started connected a bearish note. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 1.1% arsenic of 12:21 p.m. ET aft dipping arsenic overmuch arsenic 2.2% astir 10 a.m. ET, capping a week that spot banal investors would astir apt similar to forget. The S&P 500 (SNPINDEX: ^GSPC) fell 0.7%, portion the Dow Jones Industrial Average (DJINDICES: ^DJI) held its losses to conscionable 0.3%, acknowledgment mostly to an security institution having a precise bully quarter.

For the week, the Dow is astir level with a 0.4% drop. The S&P 500 is down 1.1%, and the Nasdaq has dropped 2.5%. If you owned an equal-weighted scale fund, you hardly noticed. If you owned the mega-cap tech darlings, it's been a achy week.

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^DJI information by YCharts

From the Korean clang to a Friday autumn

Let's commencement with a speedy recap of the week.

It began with a historical clang successful South Korean markets that triggered circuit breakers and sent the precocious U.S.-listed SK Hynix (NASDAQ: SKHY) banal tumbling.
Tuesday brought IBM's (NYSE: IBM) worst time since 1987 aft the institution admitted customers were redirecting bundle budgets toward hardware purchases.
Wednesday's encouraging ostentation information sparked a greeting rally that faded by midday.
Thursday's sell-off accelerated aft Taiwan Semiconductor Manufacturing (NYSE: TSM) raised its superior expenditure forecast to arsenic overmuch arsenic $64 billion, stoking fears that AI infrastructure spending is becoming unsustainable.

There's plentifulness of play successful Friday's session, too.

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) fell 2.2% today, its 3rd consecutive diminution aft reports that its Gemini AI exemplary is moving months down schedule. Meta Platforms (NASDAQ: META) dropped 2.9% arsenic investors digested an worker suit implicit AI-assisted layoffs and continued to interest astir the company's $125 cardinal to $145 cardinal spending plans.

Space Exploration Technologies (NASDAQ: SPCX) tumbled 5%, present trading astir $125 aft going nationalist astatine $135 conscionable weeks ago. A lockup expiration looms aft the company's archetypal net report, perchance flooding the marketplace with astir a cardinal further shares.

Netflix (NASDAQ: NFLX) dropped 8.5% aft delivering results that met expectations but seemingly weren't breathtaking enough. The institution besides said it would people its engagement reports little frequently, which investors interpreted arsenic "we'd alternatively you not look excessively closely." Most streamers ne'er contented elaborate viewing reports astatine all, but it's inactive hard to place a sparser reporting schedule.

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