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New York Stock Exchange Mixed as China Chip Risks Offset by Middle East Oil Price Drop

Published : Jul 28, 2026 9:12 AM

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Here is the New York Stock Exchange.

The three major U.S. stock indices closed mixed.

The Nasdaq and the S&P 500 hovered near the flatline with mixed responses, while the Dow Jones Industrial Average rose by the 0.5% range.

By sector, energy fell 2%, whereas consumer staples and communication services posted gains in the 1% range.

The market was simultaneously influenced by conflicting factors: semiconductor self-sufficiency risks originating from China and falling oil prices driven by the Middle East.

As news broke that China has initiated the in-house development of deep ultraviolet (DUV) lithography equipment for semiconductor manufacturing, selling pressure emerged across overall semiconductor stocks. NVIDIA fell nearly 5%, losing its position as the top company by market capitalization to Apple for the first time in 15 months.

On the other hand, geopolitical tensions eased somewhat.

As the U.S. and Iran suspended airstrikes for a third consecutive day and President Trump mentioned the possibility of peace negotiations, Brent crude plummeted 8.7% to settle at 88.36 dollars a barrel, while West Texas Intermediate (WTI) crude fell 7.5% to end at 82.61 dollars a barrel.

Market attention is now turning to major events scheduled for this week.

Beginning with the Federal Reserve's FOMC rate decision on the 29th, earnings reports from big tech giants such as Meta, Microsoft, Apple, and Amazon are lined up.

This is expected to serve as a testing ground to verify whether increased investments in AI will translate into tangible profitability.

As U.S. President Trump continued to pressure the Fed for a rate cut just a day ahead of the FOMC meeting, the market is placing more weight on the possibility that the benchmark interest rate will be frozen this time.