Stock Market Midday, July 17: Netflix Plunges and Stocks Slide as Semiconductor Sell-Off Deepens

As of noon ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) is down 1.06% to 25,607.34, the S&P 500 (SNPINDEX:^GSPC) has fallen 0.57% to 7,491.11, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading down 0.08% to 52,511.32 arsenic a deepening semiconductor sell-off and escalating geopolitical tensions measurement connected high-growth leadership.

Gold prices person risen 0.78% to $4,019.01 arsenic of midday ET, and the 10-Year Treasury output is down 0.03% to 4.54%. Energy and existent property are this morning's starring sectors, portion communications stocks and industrials are sinking.

Today's biggest moves

High-growth exertion shares are nether wide pressure, with Nvidia (NASDAQ:NVDA) and International Business Machines (NYSE:IBM) some dropping this morning. Netflix (NASDAQ:NFLX) shares tumbled implicit 7% aft the streaming elephantine issued disappointing forward-looking guidance. Coca-Cola (NYSE:KO) slipped connected reports of a ransomware cyberattack astatine its Fairlife beverage company.

What this means for investors

The planetary sell-off successful semiconductor shares appears to beryllium deepening, fueled by uncertainty astir whether spending connected artificial quality (AI) infrastructure is sustainable and questions astir erstwhile these important outlays volition commencement to make revenue. Meanwhile, lipid prices continued to emergence amid escalating tensions successful the Middle East. WTI crude gained 3.7% to $81.88 a barrel, further destabilizing markets.

Today's quality that Chinese AI start-up Moonshot has released a caller exemplary that tin vie with galore OpenAI and Anthropic models added to capitalist unease. The Kimi K3 motorboat shows however rapidly China's AI capabilities are processing and puts unit connected U.S. tech heavyweights.  For investors, the benignant of volatility we've seen this week tin beryllium unsettling, but effort not to marque hasty moves and support a semipermanent focus.

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