{"id":64700,"date":"2026-07-13T09:07:18","date_gmt":"2026-07-13T13:07:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-semis-under-pressure-as-earnings-season-kicks-off-micron-and-nvidia-slide-premarket\/64700\/"},"modified":"2026-07-13T09:07:18","modified_gmt":"2026-07-13T13:07:18","slug":"tech-and-semis-under-pressure-as-earnings-season-kicks-off-micron-and-nvidia-slide-premarket","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-semis-under-pressure-as-earnings-season-kicks-off-micron-and-nvidia-slide-premarket\/64700\/","title":{"rendered":"Tech and Semis Under Pressure as Earnings Season Kicks Off; Micron and Nvidia Slide Premarket"},"content":{"rendered":"

U.S. stock futures and premarket<\/a> activity indicate a cautious start to the trading week on Monday, July 13th, 2026. Investors are bracing for a pivotal week as the second-quarter earnings season begins in earnest, alongside critical economic data releases that could influence the Federal Reserve's interest rate trajectory. While the broader market remains near record levels, a notable pullback in the semiconductor sector is weighing on tech-heavy indexes during the early hours.<\/p>\n

Market Indexes and Futures Performance<\/h2>\n

In premarket<\/a> trading, the major indexes are showing mixed results with a tilt toward the downside for technology shares. The State Street SPDR S&P 500<\/a> ETF Trust (SPY<\/a>) and the Invesco QQQ Trust (QQQ<\/a>) are both facing headwinds as investors rotate out of high-flying chip stocks. Meanwhile, the blue-chip heavy State Street SPDR Dow Jones<\/a> Industrial Average ETF Trust (DIA<\/a>) is showing more resilience, reflecting a defensive posture among traders.<\/p>\n

Small-cap stocks, represented by the iShares Russell 2000 ETF (IWM<\/a>), are also under observation as market participants look for signs of broadening breadth beyond the "Magnificent Seven" tech giants. Volatility, tracked by the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX<\/a>), has seen a slight uptick as uncertainty surrounding upcoming corporate guidance increases.<\/p>\n

Semiconductor Sector Slump<\/h2>\n

The semiconductor industry is the primary source of premarket friction today. Micron<\/a> Technology, Inc. (MU<\/a>) is leading the decline among active stocks, falling 5.3% to a price of $927.11. This weakness is cascading through the sector, with Nvidia<\/a> Corp (NVDA<\/a>) dropping 1.4% to $208.11 and Intel Corp (INTC<\/a>) sliding 3.1% to $106.42. Sandisk<\/a> Corporation (SNDK<\/a>) is also seeing significant pressure, down 5.5% in early trading.<\/p>\n

This retreat in semis comes after a period of intense outperformance driven by artificial intelligence optimism. Traders appear to be taking profits ahead of major tech earnings later this month, questioning whether current valuations can be sustained without flawless execution and upbeat forward-looking statements.<\/p>\n

Upcoming Market Events and Earnings<\/h2>\n

The focus for today and the remainder of the week is the commencement of the Q2 2026 earnings season. Before the opening bell today, Fastenal Co (FAST<\/a>) reported its results, providing an early look at the health of the industrial and construction supply chains. After the close, FB Financial Corporation (FBK<\/a>) is scheduled to release its figures.<\/p>\n

The pace accelerates significantly on Tuesday, July 14th, with a "Big Bank" blitz. Major financial institutions including JPMorgan Chase & Co. (JPM<\/a>), Bank of America Corporation (BAC<\/a>), Goldman Sachs Group Inc. (GS<\/a>), Wells Fargo & Co. (WFC<\/a>), and Citigroup Inc. (C<\/a>) are all set to report. These results will be critical for assessing the impact of current interest rate levels on net interest margins and loan demand.<\/p>\n

Corporate News and Premarket Movers<\/h2>\n

Beyond the tech slump, several small-cap companies are making massive moves on high volume. Twin Vee PowerCats Co. (VEEE<\/a>) skyrocketed 108.8% to $10.06 in premarket action, while Q32 Bio Inc. (QTTB<\/a>) surged 65.4%. Agenus Inc. (AGEN<\/a>) also saw a significant jump of 59.5% on unusual volume, suggesting positive clinical or corporate developments.<\/p>\n

Conversely, Global Mofy AI Limited (GMM<\/a>) fell 33.5%, and Autonomix Medical, Inc. (AMIX<\/a>) dropped 11.3%. As the 9:30 AM ET opening bell approaches, investors remain focused on whether the strength in the broader economy can offset the immediate valuation concerns in the technology and semiconductor sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stock futures and premarket activity indicate a cautious start to the trading week on Monday, July 13th, 2026. Investors […]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94,6824],"tags":[31,311,633,3710,4223,4380,5001,5027],"class_list":["post-64700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","category-featured","tag-intc","tag-mu","tag-nvda","tag-federal-reserve","tag-inflation","tag-stock-market","tag-earnings-season","tag-semiconductors"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/64700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=64700"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/64700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=64700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=64700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=64700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}