Major U.S. Stock Indexes Close Lower for Second Consecutive Week Amid Mixed Session
On July 24, 2026, major U.S. stock indexes closed lower for the second consecutive week after a mixed session on Friday. The Nasdaq Composite fell by 0.6%, while the Dow Jones Industrial Average and S&P 500 rose slightly but still ended down for the week at -0.4% and -0.6%, respectively. Chip stocks were hit hard, with the Roundhill Memory ETF (DRAM) dropping 8.5%. Sandisk (SNDK) and Micron Technology (MU) fell by about 11% and 7%, while broader semiconductor ETFs also declined. Oil prices retreated after hitting a two-month high earlier in the week due to geopolitical developments, including reports of potential U.S.-Iran peace talks encouraged by China. The 10-year Treasury yield dipped slightly from its recent peak amid inflation concerns linked to rising gasoline prices and mortgage rates. Market participants are increasingly pricing in the likelihood of Federal Reserve rate hikes at upcoming meetings. Investors also reacted to new tariffs imposed on over 60 trading partners, affecting nearly all U.S. imports. Despite these challenges, major indexes remain up for the year by between 7% and 8.5%, though recent volatility reflects ongoing economic uncertainty.
Topics: bond yields fed rate expectations oil prices stock market