{"id":433995,"date":"2026-07-17T18:02:23","date_gmt":"2026-07-17T11:02:23","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/tech-shares-continue-to-stay-under-pressure-in-final-stretch-of-the-week-433995\/"},"modified":"2026-07-17T18:02:23","modified_gmt":"2026-07-17T11:02:23","slug":"tech-shares-continue-to-stay-under-pressure-in-final-stretch-of-the-week","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/tech-shares-continue-to-stay-under-pressure-in-final-stretch-of-the-week-433995\/","title":{"rendered":"Tech shares continue to stay under pressure in final stretch of the week"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">S&amp;P 500 futures are down 0.8% with Nasdaq futures down 1.5% on the day currently.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It&#8217;s looking rough out there after the heavy selling yesterday, which translated into a big selloff in Asia as well earlier today. The Nikkei closed down by 4% and KOSPI down by over 6% and that is helping to set a more negative backdrop as we look towards the US open later.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Similar to yesterday, AI-related firms and chipmakers are the ones having it rough. Here&#8217;s a look at how some of the more notable names are faring in pre-market:<\/p>\n<ul>\n<li>Nebius -0.5%<\/li>\n<li>Astera Labs -2.5%<\/li>\n<li>Broadcom -1.9%<\/li>\n<li>Arm Holdings -2.6%<\/li>\n<li>Intel -2.7%<\/li>\n<li>Micron 0.0%<\/li>\n<li>Sandisk +0.6%<\/li>\n<li>AMD -2.4%<\/li>\n<li>Nvidia -2.7%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">And even some of the big names in tech are observing a rough setting ahead of the Wall Street open later:<\/p>\n<ul>\n<li>Microsoft -2.0%<\/li>\n<li>Meta -1.5%<\/li>\n<li>Alphabet -1.2%<\/li>\n<li>Amazon -1.5%<\/li>\n<li>Tesla -1.7%<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">As such, it&#8217;s not just contained to semiconductors and certain chipmakers &#8211; in which the struggles are well documented in July so far. There is a sense now that the breadth of the selloff is starting to widen and that&#8217;s not a good look.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Alongside the fundamental story of the AI rally taking a knock as investors demand profitability to back up the large capex spending, the renewed conflict in the Middle East and inflation worries sparking a more hawkish Fed are also key factors in tempering the mood in the equities space.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">And that just adds to the technical considerations on the charts <a href=\"https:\/\/investinglive.com\/stocks\/tech-selloff-continues-to-run-deeper-ahead-of-european-trading\/\" rel=\"follow\">here<\/a>, which just puts more pressure on the overall backdrop.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It feels like there might be a bigger flush to come before the dip buying comes back for tech shares to begin the summer.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P 500 futures are down 0.8% with Nasdaq futures down 1.5% on the day currently. It&#8217;s looking rough out there after the heavy selling yesterday, which translated into a big selloff in&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433995","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433995"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433995\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}