Swingfolio Daily — US Markets
US briefings — Thursday, July 16, 2026
Pre-market setup and closing-bell recap for Thursday, July 16, 2026. Observations only — no trade advice.
Thursday, July 16, 2026
Nasdaq futures fall 0.93% as Korea's rate hike broadens the chip selloff
Nasdaq-100 futures trade 0.93% lower at 29,415.75 after the Bank of Korea delivered its first rate hike in three and a half years, sending the Kospi down 6.37% and pushing a semiconductor selloff out of memory into equipment and foundry names. Dow futures hold +0.07%, a 100 basis point split. UNH.US trades 6.61% higher at $446.26 after second-quarter adjusted earnings of $6.38 beat the $4.85 consensus. June retail sales rose 0.2% to $768.6 billion and initial jobless claims fell to 208,000.
US markets close 16 July 2026: S&P 500 -0.51% as chip selling outweighs nine rising sectors
The S&P 500 closed at 7,533.77 on 16 July 2026, down 0.51%, as a 2.28% fall in Technology outweighed gains in nine of the eleven sectors. The Philadelphia Semiconductor Index fell 3.8% after TSM.US guided 2026 capital spending to $60 billion to $64 billion, up from $52 billion to $56 billion. ManpowerGroup MAN.US rose 32.37% on Q2 earnings of $1.13 per share against a $1.44 loss a year earlier. Initial jobless claims fell to 208,000 against a 218,000 consensus. NFLX.US fell about 9% after the bell on its Q3 guidance.