Morgans AM
Morgans AM
Morgans Financial Limited
Friday, 17 July 2026: Weaker markets as chip makers decline
7 minutes Posted Jul 16, 2026 at 11:29 pm.
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US equity markets weaker with fresh falls for chip makers overshadowing generally upbeat economic data, down 106 points or 0.2%. Alphabet, Caterpillar and Goldman Sachs all dropping over 4%. On the upside, Nike rallied 4.2%, while Amgen, IBN, McDonald's, Merck & Co, and Salesforce all rallied over 3%.