Stock Market Update
16-Jul-26 14:30 ET
SMCI, HOOD Lead S&P 500 Decliners as Crypto Weakness and Chip Probe Weigh on Shares
Dow -166.73
at 52491.91,
Nasdaq -339.30
at 25950.93,
S&P -40.44
at 7531.96
[BRIEFING.COM] The S&P 500 (-0.53%) is in second place, down about 40 points.
Briefly, S&P 500 constituents Robinhood Markets (HOOD 106.87, -8.67, -7.50%), Coherent (COHR 276.60, -22.78, -7.61%), and Super Micro Computer (SMCI 24.86, -2.02, -7.53%) dot the bottom of the average. HOOD slides as crypto shows solid losses on Thursday afternoon, while SMCI falls as the U.S. ITC launched a patent infringement investigation into Samsung DRAM chips used in AI products from Super Micro and other major technology companies, raising concerns over potential supply chain disruptions.
Meanwhile, Erie Indemnity (ERIE 229.23, +19.04, +9.06%) is near the top of today's standings, recovering some of yesterday's steep losses.
