{"id":65358,"date":"2026-07-24T14:07:13","date_gmt":"2026-07-24T18:07:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-slump-drags-nasdaq-lower-while-dow-gains-on-positive-earnings-momentum\/65358\/"},"modified":"2026-07-24T14:07:13","modified_gmt":"2026-07-24T18:07:13","slug":"tech-slump-drags-nasdaq-lower-while-dow-gains-on-positive-earnings-momentum","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-slump-drags-nasdaq-lower-while-dow-gains-on-positive-earnings-momentum\/65358\/","title":{"rendered":"Tech Slump Drags Nasdaq Lower While Dow Gains on Positive Earnings Momentum"},"content":{"rendered":"<p>The U.S. stock market presented a divided front during afternoon trading on Friday, July 24th, 2026. While blue-chip stocks found support from a steady stream of corporate earnings, the technology sector faced renewed selling pressure, creating a performance gap between the major indexes. Investors are currently balancing optimistic domestic economic data against a rotation out of high-growth semiconductor and artificial intelligence plays.<\/p>\n<h2>Major Index Performance and Sector Trends<\/h2>\n<p>As of the afternoon session, the major market indexes are showing divergent paths. 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>) is leading the gainers with a rise of 0.57%, bolstered by strong performance in defensive and value-oriented sectors. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> ETF Trust (<a href=\"\/stock\/SPY\">SPY<\/a>) is also trading in positive territory, up 0.36%. In contrast, the tech-heavy Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>) has retreated by 0.55%, weighed down by a significant pullback in the semiconductor space.<\/p>\n<p>Sector performance highlights a clear rotation into &quot;real world&quot; assets. The iShares U.S. Real Estate ETF (<a href=\"\/stock\/IYR\">IYR<\/a>) is the standout performer, surging 2.30%, followed closely by the Materials Select Sector SPDR (<a href=\"\/stock\/XLB\">XLB<\/a>) at 1.52%. Conversely, the technology and semiconductor themes are underperforming; the VanEck Semiconductor ETF (<a href=\"\/stock\/SMH\">SMH<\/a>) has dropped 2.21%, while the iShares A.I. Innovation and Tech Active ETF (<a href=\"\/stock\/BAI\">BAI<\/a>) has plummeted 4.03%.<\/p>\n<h2>Corporate News and Ticker Activity<\/h2>\n<p>In corporate news, the earnings season is in full swing with several heavyweights reporting this morning. American Express Company (<a href=\"\/stock\/AXP\">AXP<\/a>) and Verizon Communications (<a href=\"\/stock\/VZ\">VZ<\/a>) both released their Q2 2026 results before the opening bell, contributing to the Dow&#39;s relative strength. HCA Healthcare, Inc. (<a href=\"\/stock\/HCA\">HCA<\/a>) also reported, with investors closely watching healthcare margins.<\/p>\n<p>The semiconductor sector is seeing high volatility following news from <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>), which is down 3.1% in active trading. Intel Corp (<a href=\"\/stock\/INTC\">INTC<\/a>) remains relatively flat, while <a href=\"https:\/\/stockmarketwatch.com\/stock\/SNDK\" data-internallinksmanager029f6b8e52c=\"19\" title=\"Stock: SNDK\">Sandisk<\/a> Corporation (<a href=\"\/stock\/SNDK\">SNDK<\/a>) has fallen 3.7%. In the electric vehicle space, Tesla, Inc. (<a href=\"\/stock\/TSLA\">TSLA<\/a>) is seeing modest gains of 0.3% as it navigates a complex global demand environment.<\/p>\n<p>Among the smaller players, LiveWire Group, Inc. (<a href=\"\/stock\/LVWR\">LVWR<\/a>) is experiencing an extraordinary surge of 64.3% on unusual volume, while Vivakor, Inc. (<a href=\"\/stock\/VIVK\">VIVK<\/a>) has gained 69.2%. On the downside, Zevra Therapeutics, Inc. (<a href=\"\/stock\/ZVRA\">ZVRA<\/a>) has seen its stock price tumble by 26.0%.<\/p>\n<h2>Upcoming Market Events<\/h2>\n<p>Looking ahead, the market is bracing for a massive week of &quot;Magnificent Seven&quot; earnings and critical economic data. On Monday, July 27th, AstraZeneca PLC (<a href=\"\/stock\/AZN\">AZN<\/a>) will report before the open, followed by Cadence Design Systems (<a href=\"\/stock\/CDNS\">CDNS<\/a>) after the close.<\/p>\n<p>The intensity picks up mid-week with <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> Corp (<a href=\"\/stock\/MSFT\">MSFT<\/a>) and Meta Platforms, Inc. (<a href=\"\/stock\/META\">META<\/a>) scheduled to report on Wednesday, July 29th. The week culminates on Thursday, July 30th, with the highly anticipated results from Apple Inc. (<a href=\"\/stock\/AAPL\">AAPL<\/a>) and Amazon.com Inc (<a href=\"\/stock\/AMZN\">AMZN<\/a>). Beyond earnings, traders are awaiting fresh inflation data and comments from Federal Reserve officials to gauge the likelihood of interest rate adjustments in the coming months. With the iShares 20+ Year Treasury Bond ETF (<a href=\"\/stock\/TLT\">TLT<\/a>) up 0.17% today, the bond market appears to be pricing in a stabilizing rate environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market presented a divided front during afternoon trading on Friday, July 24th, 2026. While blue-chip stocks found [&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 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":[6824,94],"tags":[4,33,95,225,633,3710,4223,4350,4380],"class_list":["post-65358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-market-update","tag-tsla","tag-msft","tag-nasdaq","tag-aapl","tag-nvda","tag-federal-reserve","tag-inflation","tag-dow-jones","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/65358","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=65358"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/65358\/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=65358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=65358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=65358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}