Public Markets 8 Hours

Last updated: July 28, 2026, 11:30 AM ET

Tech Stocks Tumble on AI Worries, Chipmaker Rout

U.S. tech stocks as a deepening sell-off in chipmakers weighed on the Nasdaq, which after its biggest declines since June. Chip stocks as investor sentiment soured, with Micron and Intel seeing significant drops, pushing the Nasdaq 100 toward a correction. The rout in semiconductor stocks from the Nasdaq 100 since its June high. Volatility in chipmakers also, though falling oil prices offered some respite to European markets. GAM’s Paul Markham warned that the chip selloff is not yet a buying opportunity due to crowded investor positioning. Meanwhile, Meta’s data-center project with a higher interest rate than a similar deal last year, reflecting the rising cost of financing the AI data center boom. "Big Tech stocks on costs," with analysts' models assuming efficiencies that may be too optimistic.

Boeing Faces Headwinds from Troubled Presidential Program and Quality Concerns

Boeing reported a loss of $280 million due to a hit from the troubled Air Force One program, pushing delivery of two presidential planes back by four years. The delay and related expenses contributed to a bigger-than-expected loss in the second quarter. The company for the new Air Force One, investing to ensure delivery by 2028. The overhaul of the presidential jet in the group’s commercial airliner business. Separately, the FAA affecting seats on hundreds of Boeing MAX jets, reporting that some seats were incorrectly installed.

Central Banks and Governments Navigate Shifting Economic Landscapes

Ghana has to finance gold purchases, aiming to boost its foreign-exchange reserves by shifting the program from the central bank to the government. United Arab Emirates borrowers at a record pace, with sales up a third so far in 2026 versus year-ago levels, amidst ongoing Middle East conflict. Colombia’s government bond swap last October by shifting financing costs to future administrations for short-term liquidity relief, according to an audit. In the UK, fund managers including Invesco and Rathbones have soured on UK government debt, citing worries about inflation and political instability.

Consumer and Travel Sectors Show Mixed Resilience Amidst Global Uncertainty

Royal Caribbean Group for the year, citing prolonged geopolitical uncertainty that hurt bookings in the second quarter. The cruise line and noted a "modest" impact on bookings from geopolitical turmoil. Coca-Cola raised its outlook after successfully navigating consumer caution, recording higher profit and sales due to better concentrate sales, pricing, and product mix. Sherwin-Williams also lifted its outlook as profit and sales climbed, now expecting net sales to be up in the mid- to high-single-digit percent range. Singapore Airlines since the pandemic, impacted by soaring jet-fuel prices and losses from Air India, despite group revenue increasing 19% to a record high. JetBlue Airways in the second quarter due to higher jet fuel prices, although it managed to blunt about half the damage with higher fares and strong customer demand.

Energy Market Dynamics and Geopolitical Influences