Traders work on the floor of the New York Stock Exchange (NYSE) on July 09, 2026, in New York City. <\/p>\n
Spencer Platt | Getty Images<\/p>\n
Stock futures tumbled early Friday after the U.S. completed its sixth consecutive night of strikes against Iran, following a tough session on Wall Street that saw semiconductor names extend declines.<\/p>\n
Dow Jones Industrial Average futures<\/a> slipped 420 points, or 0.8%. S&P 500 futures<\/a> lost 0.9%, while Nasdaq-100 futures<\/a> dropped 1.6% as tech stocks came under scrutiny.<\/p>\n A sell-off in Asia-Pacific markets accelerated on Friday. Japan’s\u00a0Nikkei 225<\/a>\u00a0slipped 5.2% while the Topix declined 3.7%. The Hang Seng index was down 2.2%. South Korea markets were closed for a public holiday. <\/p>\n The moves come after the U.S. Central Command said overnight that it had completed its sixth consecutive night of strikes against Iran, hitting dozens of military targets, including logistics infrastructure and maritime capabilities.<\/p>\n The escalating standoff comes as the\u00a0fragile truce<\/a>\u00a0reached last month has fractured, once again disrupting energy flows through the strategically vital Strait of Hormuz, which typically handles around 20% of the world’s oil traffic.<\/p>\n Thursday marked a tough session after a decline in chipmakers dragged the broader market lower. The S&P 500<\/a> shed 0.5% on the day, while the Nasdaq Composite<\/a> dropped 1.5%. The Dow<\/a> closed 105.67 points lower, or 0.2%. <\/p>\n The VanEck Semiconductor ETF (SMH)<\/a> slid nearly 4% as Taiwan Semiconductor<\/a> lost more than 2% following a mixed second-quarter report. While the company’s bottom line surged from the year-earlier period, Taiwan Semi also hiked its full-year spending outlook. Marvell Technology<\/a>, STMicroelectronics<\/a> and Micron<\/a> followed Taiwan Semiconductor lower. <\/p>\n Thursday’s decline put SMH down 6.9% for the week, on pace for its third weekly decline in four weeks. The major stock benchmarks are also down week to date, with the S&P 500 off by 0.6%, while the Dow and Nasdaq have slipped 0.2% and 1.5%, respectively.<\/p>\n Despite the recent turbulence in the artificial intelligence trade \u2014 chips in particular \u2014 the S&P 500 remains about 1% below its all-time high set in early June. <\/p>\n “The fact that the market hasn’t fallen apart tells me that this likely not a major bull peak,” Ed Clissold, chief U.S. strategist at Ned Davis Research, told CNBC’s “Closing Bell.” “I’d be more concerned if the Russell 2000 had severely underperformed over the past few weeks.”<\/p>\n He added that, while the economy may “slow down a little bit” near term, a recession is unlikely. Clissold also said consolidation periods in the market may help the market take some froth out of certain sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange (NYSE) on July 09, 2026, in New…\n","protected":false},"author":2,"featured_media":545692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[178109,941,114,357,1761,1012,85,87,151620,46,190,30419,10388,1763,1008,34193,1762,3310,232999,1760,29170,13291,1032,12389],"class_list":["post-545691","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-lco26u","tag-breaking-news-markets","tag-business","tag-business-news","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-il","tag-iran","tag-ishares-msci-japan-etf","tag-israel","tag-markets","tag-marvell-technology-inc","tag-micron-technology-inc","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-netflix-inc","tag-sp-500-fut-sep25","tag-sp-500-index","tag-stmicroelectronics-nv","tag-stock-markets","tag-suppress-zephr","tag-taiwan-semiconductor-manufacturing-co-ltd","tag-united-states","tag-vaneck-semiconductor-etf"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/545691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=545691"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/545691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/545692"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=545691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=545691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=545691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}