AI jitters and cap-ex worries slammed big cap technology and Mag 7 stocks this week pulling the major averages lower with the Philadelphia Semiconductor Index (SOX) falling into a bear market.
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Opinion Changes For July 17th 2026
Just some of the more than 5,000 stocks and ETFs we cover.
DY
AVOID
DYCOM INDUSTRIES
↓ Downgraded
$407.11
NHI
LONG
NATL HEALTH INVESTOR
↑ Upgraded
$79.61
BHE
AVOID
BENCHMARK ELECTRONIC
↓ Downgraded
$78.45
MarketEdge Feed
Tech Wreck Drags Major Averages Down
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Semiconductors Slide into a Bear Market
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It was a rough finish to the week, as the Dow Jones Industrial Average closed lower for a second consecutive week and the Philadelphia Semiconductor Index (SOX) ended the period in bear market territory, down 20.2% from its June high.
Big Tech and AI Rally Stalls in June
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AI spenders were hammered during the month, while the beneficiaries of that spending moved higher. Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), Netflix (NFLX) and Tesla (TSLA) all traded below their respective 50,100 and 200-day MA’s in June.
Trading Ideas For July 17th 2026
A few picks from today's Best Longs.
TEAM
LONG
ATLASSIAN CORP'A'
↑ Upgraded
$92.35
ELF
LONG
e.l.f. Beauty Inc.
↑ Upgraded
$66.93
IMUX
LONG
Immunic Inc. Common Stock
↑ Upgraded
$14.75
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Market Recap - 07/17/2026
Index
Close
Day Change
Day % Change
YTD % Change
NASDAQ COMPOSITE
25520.24
-361.71
-1.4%
9.8%
DJ UTILITIES
1149.06
-4.02
-0.35%
7.58%
DJ TRANSPORT
22723.87
-102.73
-0.45%
30.92%
DJ INDUSTRIALS
52146.42
-406.55
-0.77%
8.5%
NYSE COMPOSITE
23816.97
-135.3
-0.56%
8.24%
S & P 100 INDEX
3674
-43.23
-1.16%
7.04%
RUSSELL 2000
2962.22
-12.35
-0.42%
19.35%
S&P 500
7457.69
-76.08
-1.01%
8.94%
CBOE MKT VOLATILITY
18.77
2.04
12.19%
25.55%
AMEX COMPOSITE
8097.59
101.7
1.27%
17.92%
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Click For More DetailsMarket Recap - 07/17/2026
| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25520.24 | -361.71 | -1.4% | 9.8% |
| DJ UTILITIES | 1149.06 | -4.02 | -0.35% | 7.58% |
| DJ TRANSPORT | 22723.87 | -102.73 | -0.45% | 30.92% |
| DJ INDUSTRIALS | 52146.42 | -406.55 | -0.77% | 8.5% |
| NYSE COMPOSITE | 23816.97 | -135.3 | -0.56% | 8.24% |
| S & P 100 INDEX | 3674 | -43.23 | -1.16% | 7.04% |
| RUSSELL 2000 | 2962.22 | -12.35 | -0.42% | 19.35% |
| S&P 500 | 7457.69 | -76.08 | -1.01% | 8.94% |
| CBOE MKT VOLATILITY | 18.77 | 2.04 | 12.19% | 25.55% |
| AMEX COMPOSITE | 8097.59 | 101.7 | 1.27% | 17.92% |
Pricing
BEST VALUE
Annual
$500
$325
/yr
Big Savings
Monthly
$49.95
$29.95
/mo
Cancel anytime
✓
Daily Second Opinion® on 5,000+ stocks
✓
Nightly alerts on your watchlist
✓
Trading Ideas, Power Ratings & more
No commitment · Cancel anytime
About MarketEdge
MarketEdge is a unique suite of investment tools developed by Computrade Systems, Inc. The purpose of our service is to provide quality, independent research in a manner that is both easily understandable and immediately actionable for individual investors as well as professional money managers. MarketEdge features Second Opinion®, a comprehensive computer-generated technical evaluation of more than 5000 stocks, along with fundamental research from Standard & Poor's. MarketEdge will generate daily investment ideas for every type of trading strategy thereby enabling one to trade and invest with a consistent, disciplined approach in all market environments.