{"id":64707,"date":"2026-07-13T10:07:13","date_gmt":"2026-07-13T14:07:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-sector-faces-pressure-as-earnings-season-gains-momentum\/64707\/"},"modified":"2026-07-13T10:07:13","modified_gmt":"2026-07-13T14:07:13","slug":"tech-sector-faces-pressure-as-earnings-season-gains-momentum","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-sector-faces-pressure-as-earnings-season-gains-momentum\/64707\/","title":{"rendered":"Tech Sector Faces Pressure as Earnings Season Gains Momentum"},"content":{"rendered":"<p>The U.S. stock market opened with a noticeable divergence on Monday, July 13th, 2026, as investors navigated a landscape of cooling tech sentiment and the onset of a critical second-quarter earnings season. While blue-chip stocks showed resilience, the heavy-weight technology sector faced significant headwinds, dragging down the broader growth-oriented indexes in early trading.<\/p>\n<h2>Market Indexes Opening Performance<\/h2>\n<p>As the opening bell rang, the major indexes displayed mixed results. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DIA\">DIA<\/a>) showed modest strength, gaining 0.12% as investors rotated into defensive and value-oriented sectors. In contrast, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>) slipped 0.31%, weighed down by its heavy concentration in technology.<\/p>\n<p>The tech-heavy Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>) suffered the most significant decline among the majors, falling 1.5% in the first hour of trading. Small-cap stocks also faced pressure, with the Russell 2000 (<a href=\"\/stock\/IWM\">IWM<\/a>) retreating 0.61%. This downward pressure in tech was further evidenced by the VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>), which tumbled 2.96%, and the iShares A.I. Innovation and Tech Active ETF (<a href=\"\/stock\/BAI\">BAI<\/a>), which plunged 4.34%. Volatility saw a corresponding uptick, with the VIX-linked (<a href=\"\/stock\/VXX\">VXX<\/a>) rising 0.91%.<\/p>\n<h2>Upcoming Market Events and Economic Data<\/h2>\n<p>Investors are bracing for a heavy week of corporate earnings and economic indicators. Today, Fastenal Co (<a href=\"\/stock\/FAST\">FAST<\/a>) kicked off the morning reports, while FB Financial Corporation (<a href=\"\/stock\/FBK\">FBK<\/a>) is scheduled to report after the closing bell.<\/p>\n<p>The focus will shift dramatically to the banking sector tomorrow, Tuesday, July 14th. A wave of financial giants is set to report before the market opens, including JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>), Bank of America Corporation (<a href=\"\/stock\/BAC\">BAC<\/a>), Goldman Sachs Group Inc. (<a href=\"\/stock\/GS\">GS<\/a>), Wells Fargo &amp; Co. (<a href=\"\/stock\/WFC\">WFC<\/a>), and Citigroup Inc. (<a href=\"\/stock\/C\">C<\/a>). These reports will provide crucial insights into the health of the U.S. consumer and the impact of the current interest rate environment on net interest margins. Later in the week, the market will look toward high-profile tech and manufacturing reports from ASML Holding NV (<a href=\"\/stock\/ASML\">ASML<\/a>) and Netflix Inc (<a href=\"\/stock\/NFLX\">NFLX<\/a>).<\/p>\n<h2>Major Stock News and Corporate Developments<\/h2>\n<p>The semiconductor space is seeing significant activity today. <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> Corp (<a href=\"\/stock\/NVDA\">NVDA<\/a>) fell 1.1% in early action, continuing a period of consolidation for the AI leader. <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) saw a sharp 5.0% decline, while <a href=\"https:\/\/stockmarketwatch.com\/stock\/SNDK\" data-internallinksmanager029f6b8e52c=\"19\" title=\"Stock: SNDK\">Sandisk<\/a> Corporation (<a href=\"\/stock\/SNDK\">SNDK<\/a>) dropped 6.4% on high volume.<\/p>\n<p>In the energy sector, prices surged, providing a lift to related equities. The United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) rose 2.96%, driving gains in the State Street Energy Select Sector SPDR ETF (<a href=\"\/stock\/XLE\">XLE<\/a>), which climbed 2.09%. Conversely, precious metals faced a sell-off; <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> (<a href=\"\/stock\/GLD\">GLD<\/a>) fell 1.83% and <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> (<a href=\"\/stock\/SLV\">SLV<\/a>) dropped 2.72%, impacting miners like the VanEck Gold Miners ETF (<a href=\"\/stock\/GDX\">GDX<\/a>), which shed 2.38%.<\/p>\n<p>In individual stock movers, Twin Vee PowerCats Co. (<a href=\"\/stock\/VEEE\">VEEE<\/a>) skyrocketed 151.8% on massive unusual volume. Agenus Inc. (<a href=\"\/stock\/AGEN\">AGEN<\/a>) also surged 61.6%, while Q32 Bio Inc. (<a href=\"\/stock\/QTTB\">QTTB<\/a>) gained 63.5%. On the downside, Tutor Perini Corporation (<a href=\"\/stock\/TPC\">TPC<\/a>) collapsed 77.0% in early trading.<\/p>\n<p>As the market progresses through the session, traders remain focused on whether the strength in the Dow can offset the tech-led retreat in the Nasdaq, all while keeping a close eye on the impending &quot;Big Bank&quot; earnings that will set the tone for the remainder of the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market opened with a noticeable divergence on Monday, July 13th, 2026, as investors navigated a landscape of [&hellip;]<\/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 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