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U.S. Stock Indices Fall on July 16; Memory Chip Index Drops 8%

2026-07-16 20:01:21

SPX500-0.45%

RKLB-11.63%

STX-9.99%

ALAB-8.74%

ADBE4.80%

On July 16, U.S. stock market indices declined at the close. The S&P 500 fell 0.6%, while the Nasdaq-100 dropped 1.7%. The memory chip index led declines with an 8% drop, and the semiconductor index fell 4%. Among Nasdaq-100 constituents, memory and storage stocks suffered the steepest losses: Nebius, SanDisk, Rocket Lab, Seagate Technology, Western Digital, and Astera Labs all fell between 8.8% and 14.8%. Adobe gained 4.5%, and Dekang Medical rose 7.2%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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