{"id":65498,"date":"2026-07-27T16:38:19","date_gmt":"2026-07-27T20:38:19","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-mixed-as-tech-selloff-offsets-historic-crude-oil-plunge\/65498\/"},"modified":"2026-07-27T16:38:19","modified_gmt":"2026-07-27T20:38:19","slug":"markets-mixed-as-tech-selloff-offsets-historic-crude-oil-plunge","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-mixed-as-tech-selloff-offsets-historic-crude-oil-plunge\/65498\/","title":{"rendered":"Markets Mixed as Tech Selloff Offsets Historic Crude Oil Plunge"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>WTI Crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> plummeted 8.2% to $81.96<\/strong> as the U.S. and Iran paused military strikes for a third consecutive day, significantly easing global supply disruption fears.<\/li>\n<li><strong>The Nasdaq 100 fell 0.3%<\/strong> as a massive selloff in semiconductor stocks, led by <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> and <strong>SK Hynix (<a href=\"\/stock\/SKHY\">SKHY<\/a>)<\/strong>, overshadowed broader market gains.<\/li>\n<li><strong>Navitas Semiconductor (<a href=\"\/stock\/NVTS\">NVTS<\/a>)<\/strong> reported a <strong>Q2 net loss of $228.2 million<\/strong> despite beating revenue estimates, as it pivots toward AI data center and grid infrastructure markets.<\/li>\n<li><strong>SK Hynix ADRs plunged below their $149 IPO price<\/strong> for the first time, losing 4% as investors retreated from high-valuation AI hardware stocks despite a new <strong>$500 billion partnership<\/strong> with <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> and <strong>Ryanair (<a href=\"\/stock\/RYAAY\">RYAAY<\/a>)<\/strong> extended their AWS agreement for five years, with the airline set to integrate advanced AI tools across its fleet operations.<\/li>\n<\/ul>\n<h2>Market Overview: A Tale of Two Sectors<\/h2>\n<p>U.S. equity markets finished the session mixed on Monday as a dramatic retreat in energy prices failed to spark a broad tech rally. The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> rose <strong>0.43% to 52,169.35<\/strong>, buoyed by industrial and consumer stocks that benefit from lower energy costs. Conversely, the <strong>Nasdaq Composite (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>)<\/strong> slipped <strong>0.17% to 24,932.68<\/strong>, weighed down by a <strong>2.2% decline<\/strong> in the semiconductor sector.<\/p>\n<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>)<\/strong> remained virtually flat, closing at <strong>7,413.08<\/strong>. While easing geopolitical tensions in the Middle East lowered Treasury yields and inflation concerns, investors remained laser-focused on whether massive AI capital expenditures will yield near-term returns ahead of this week\u2019s &quot;Magnificent Seven&quot; earnings.<\/p>\n<h2>Energy: Diplomacy Triggers Crude Collapse<\/h2>\n<p>Oil prices saw one of their sharpest single-day declines in months following reports that the U.S. and Iran are engaged in active diplomatic talks. <strong>Brent crude settled near $88<\/strong>, while <strong>U.S. WTI fell 8.2%<\/strong> as President Trump confirmed a pause in military actions to allow negotiators from Iran and Oman to discuss reopening the <strong>Strait of Hormuz<\/strong>.<\/p>\n<p>The de-escalation comes after nearly two weeks of hostilities that had briefly pushed oil prices toward the $100 mark. While the market reacted with relief, analysts warn that volatility remains high as the U.S. continues to monitor Iranian drone activity in the region, including reports of a downed American drone in Iraq\u2019s Anbar province.<\/p>\n<h2>Semiconductors: AI Enthusiasm Meets Valuation Reality<\/h2>\n<p>Despite announcing a landmark initiative to build over <strong>2 gigawatts of AI data centers<\/strong> in South Korea, <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> and <strong>SK Hynix (<a href=\"\/stock\/SKHY\">SKHY<\/a>)<\/strong> saw significant share price erosion. <strong>SK Hynix ADRs<\/strong> fell below their IPO price of <strong>$149<\/strong>, reflecting a broader &quot;valuation check&quot; across the industry.<\/p>\n<p><strong>Navitas Semiconductor (<a href=\"\/stock\/NVTS\">NVTS<\/a>)<\/strong> also faced pressure after reporting its Q2 results. While its revenue of <strong>$10.53 million<\/strong> beat the <strong>$9.97 million<\/strong> estimate, the company posted a staggering <strong>$228.2 million net loss<\/strong>, largely due to non-cash remeasurements. Management expects a revenue ramp in 2027 as hyperscalers adopt its new XPU and grid infrastructure products.<\/p>\n<h2>Corporate Highlights and Industrial Data<\/h2>\n<p>In the travel and tech sector, <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> secured a five-year extension with <strong>Ryanair (<a href=\"\/stock\/RYAAY\">RYAAY<\/a>)<\/strong>. The airline will utilize <strong>AWS AI tools<\/strong> to optimize flight scheduling and fleet management. Meanwhile, in heavy industry, the <strong>American Iron and Steel Institute (AISI)<\/strong> reported that U.S. steel mills operated at <strong>80.5% capacity<\/strong> for the week ended July 25, showing steady industrial demand despite the mixed broader market sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways WTI Crude oil prices plummeted 8.2% to $81.96 as the U.S. and Iran paused military strikes for a 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