A second day of selling in semiconductors and AI-related stocks left the major averages mostly lower today despite nine of the 11 sectors closing higher.
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Opinion Changes For July 16th 2026
Just some of the more than 5,000 stocks and ETFs we cover.
MARA
NEUTRAL
Marathon Digital Holdings Inc
↓ Downgraded to Neutral
$11.42
ESOA
NEUTRAL
Energy Services of America Corporation Common Stoc
↓ Downgraded to Neutral
$16.18
AEF
AVOID
Abrdn Emerging Markets Eqty Incm Fd Inc
↓ Downgraded
$8.76
MarketEdge Feed
Chip Selling Pulls Major Averages Down for a Second Straight Session
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Major Averages end Volatile Week Mixed
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The technical condition of the market remains mixed with the Dow Jones, NYSE and Equal-weight S&P 500 (RSP) hitting new record highs during the week, before the different indexes finished the period mixed. The NASDAQ, NASDAQ 100 and Philadelphia Semiconductor Index (SOX) are back above their respective 50-day MA after wavering on both sides of this support/resistance level over the last few weeks.
Big Tech and AI Rally Stalls in June
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AI spenders were hammered during the month, while the beneficiaries of that spending moved higher. Microsoft (MSFT), Meta Platforms (META), Amazon (AMZN), Netflix (NFLX) and Tesla (TSLA) all traded below their respective 50,100 and 200-day MA’s in June.
Trading Ideas For July 16th 2026
A few picks from today's Best Longs.
PVLA
LONG
Palvella Therapeutics Inc. Common Stock
↑ Upgraded
$152.82
IP
LONG
INTL PAPER CO
↑ Upgraded
$36.15
OMCL
LONG
OMNICELL
↑ Upgraded
$43.1
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Market Recap - 07/16/2026
Index
Close
Day Change
Day % Change
YTD % Change
NASDAQ COMPOSITE
25881.95
-387.28
-1.47%
11.36%
DJ UTILITIES
1153.08
8.39
0.73%
7.96%
DJ TRANSPORT
22826.6
715.2
3.23%
31.51%
DJ INDUSTRIALS
52552.97
-105.67
-0.2%
9.34%
NYSE COMPOSITE
23952.27
79.74
0.33%
8.85%
S & P 100 INDEX
3717.23
-26.38
-0.7%
8.3%
RUSSELL 2000
2974.57
-1.69
-0.06%
19.85%
S&P 500
7533.77
-38.63
-0.51%
10.05%
CBOE MKT VOLATILITY
16.73
1.06
6.76%
11.91%
AMEX COMPOSITE
7995.89
-85.86
-1.06%
16.44%
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Click For More DetailsMarket Recap - 07/16/2026
| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 25881.95 | -387.28 | -1.47% | 11.36% |
| DJ UTILITIES | 1153.08 | 8.39 | 0.73% | 7.96% |
| DJ TRANSPORT | 22826.6 | 715.2 | 3.23% | 31.51% |
| DJ INDUSTRIALS | 52552.97 | -105.67 | -0.2% | 9.34% |
| NYSE COMPOSITE | 23952.27 | 79.74 | 0.33% | 8.85% |
| S & P 100 INDEX | 3717.23 | -26.38 | -0.7% | 8.3% |
| RUSSELL 2000 | 2974.57 | -1.69 | -0.06% | 19.85% |
| S&P 500 | 7533.77 | -38.63 | -0.51% | 10.05% |
| CBOE MKT VOLATILITY | 16.73 | 1.06 | 6.76% | 11.91% |
| AMEX COMPOSITE | 7995.89 | -85.86 | -1.06% | 16.44% |
Pricing
BEST VALUE
Annual
$500
$325
/yr
Big Savings
Monthly
$49.95
$29.95
/mo
Cancel anytime
✓
Daily Second Opinion® on 5,000+ stocks
✓
Nightly alerts on your watchlist
✓
Trading Ideas, Power Ratings & more
No commitment · Cancel anytime
About MarketEdge
MarketEdge is a unique suite of investment tools developed by Computrade Systems, Inc. The purpose of our service is to provide quality, independent research in a manner that is both easily understandable and immediately actionable for individual investors as well as professional money managers. MarketEdge features Second Opinion®, a comprehensive computer-generated technical evaluation of more than 5000 stocks, along with fundamental research from Standard & Poor's. MarketEdge will generate daily investment ideas for every type of trading strategy thereby enabling one to trade and invest with a consistent, disciplined approach in all market environments.