Traders at work at the New York Stock Exchange on July 15, 2026.
new york stock exchange
U.S. stock futures were mostly lower on Thursday, reversing some of the gains seen in the previous session as semiconductor stocks struggled.
S&P500 futures It fell by 0.1%. Nasdaq 100 futures 0.5% reduction. futures tied to Dow Jones Industrial Average UnitedHealth’s 4% led to an increase of 145 points, or 0.3%, easily beating earnings estimates.
Semiconductor stocks were broadly lower in early trading. of VanEck Semiconductor ETF (SMH) It fell 2.2%, led by a 4% decline in Arm Holdings. Taiwan Semiconductor also fell 3.9%.
rear SK Hynix Stocks fell 11% on the Swiss market in Seoul. STMicroelectronics — Europe’s largest semiconductor maker — fell 3%. dutch chip stamp ASMI Germany fell by 2.92%. Infineon Technologies It fell 2.8%.
Wall Street is emerging from a winning session as a weaker-than-expected U.S. producer price index boosted optimism that inflation is cooling. Additionally, strong earnings from large financial institutions reassured investors that earnings growth was sustained despite easing inflation, while lower U.S. Treasury yields increased demand for growth stocks, especially large-cap technology companies.
Michael Kantrowitz, chief investment strategist and head of portfolio strategy at Piper Sandler, emphasized on CNBC’s “Closing Bell: Overtime” the importance of flat or declining interest rates for market expansion.
“I absolutely believe that for the market to expand, interest rates need to stay flat or fall,” he said. “The best backdrop for the stock market in today’s system would be more or less depressed employment, because I think that would help keep interest rates in check and prevent them from rising.”
Investors will be watching retail sales data and jobless claims Thursday at 8:30 a.m. ET for further signs of whether the economy has slowed enough to contain inflation without falling into a deep recession.
Corporate profits also remain an important factor. UnitedHealth will report results before the bell, and Netflix will report results after the bell.
