NEW YORK, July 20, 2026, 19:19 EDT
- The Nasdaq Composite slipped 0.05%, ending at 25,508.07. The Nasdaq-100 rose 0.04% to close at 28,604.23.
- Advancers lagged decliners by a ratio of 1.8-to-1. The number of new lows exceeded new highs by 3.9-to-1.
- The regular session has ended. Nasdaq’s after-hours market will be open until 20:00 EDT.
The Nasdaq Composite closed largely unchanged on Monday. While the Nasdaq-100 managed a small increase, the majority of Nasdaq-listed shares declined.
The split is significant, indicating that the recovery remained focused on big stocks.
Decliners accounted for 64% of issues. The number of new 52-week lows was almost four times higher than new highs.
Market activity was light. Volume on U.S. exchanges reached 15.50 billion shares, which is 22.3% lower than the 20-day moving average.
The PHLX semiconductor index climbed 0.6%, having been up nearly 4% earlier in the session. The pullback wiped out much of the Nasdaq’s initial gains.
Shares of Advanced Micro Devices NASDAQ:AMD rose 1.6% following an expanded strategic collaboration with Microsoft NASDAQ:MSFT. Nvidia NASDAQ:NVDA increased 0.2%. Apple NASDAQ:AAPL slipped 2%, and Alphabet NASDAQ:GOOGL was up 1.5%.
The more subdued finish on Monday failed to strengthen market internals.
| Measure | Friday, July 17 | Monday, July 20 |
|---|---|---|
| Nasdaq Composite | 25,520.24 (down 1.40%) | 25,508.07 (off 0.05%) |
| Nasdaq-100 | 28,592.66 (fell 1.49%) | 28,604.23 (inched up 0.04%) |
| Decliners per advancer | 1.76 | 1.80 |
| New lows per new high | 2.53 | 3.91 |
| U.S. volume versus 20-day average | 15.9% lower | 22.3% below |
The Composite trimmed its loss by 1.35 percentage points. However, the low-to-high ratio deteriorated significantly. This does not indicate broad stabilization.
The Nasdaq declined 2.9% last week. The chip index dropped close to 10%, marking its steepest weekly loss in more than a year. It closed at over 20% lower than its peak in late June.
Chase Investment Counsel president Peter Tuz said: “Everybody is waiting for earnings season to really get going.” Reuters
The profit threshold is still elevated. Analysts surveyed by London Stock Exchange Group LON:LSEG project S&P 500 earnings growth of 26% for the second quarter.
Official company filings verify major Nasdaq trials scheduled for this week.
| Company | Results timing | Main investor focus |
|---|---|---|
| Alphabet NASDAQ:GOOGL | Wednesday after close; call 16:30 EDT | Spending on AI |
| Texas Instruments NASDAQ:TXN | Wednesday after close; call 16:30 EDT | General demand for chips |
| Tesla NASDAQ:TSLA | Wednesday after close; webcast 17:30 EDT | Earnings expectations |
| Intel NASDAQ:INTC | Thursday after close; call 17:00 EDT | Demand for chips and manufacturing plans |
Kevin Mahn, chief investment officer at Hennion & Walsh, stated that an Alphabet reduction in spending could trigger “ripple effects across the entire AI ecosystem.” Reuters
Risks: Brent crude finished at $89.22, an increase of 1.3%. The yield on the 10-year Treasury climbed to 4.59%. Additional gains could weigh on valuations for growth stocks.
A sustained Nasdaq recovery requires a higher number of advancing stocks and a reduction in new lows. Monday saw no improvement in either metric.
Related articles: NASDAQ:NVDA
