Semis lead stocks down

Melisa R. H. Posted On July 16, 2026

Capital continued to flow out of semis and memory stocks on Thursday as Nvidia closed -2.4%, Intel -4.84%, Sandisk -12.63% and Micron -5.65%. Elsewhere, Abbott Labs surged 10.69%. The Nasdaq slid 1.47% while the S&P fell 0.51% and the Dow declined 0.2%.

In Canada, the TSX closed -0.26% in mixed trading as industrials and staples outperformed but materials sold off hard. Key names: TFI International 7.27%, Descartes 6.4%, BlackBerry -14.23%, Barrick -3.97% and B2Gold -3.75%.

In commodities, gold fell over 2% to US$3,975, silver tumbled 4% to US$55.40 and WTI slipped 0.75% to US$79. Bitcoin sank 1.15% to US$64,195. The U.S. 10-year yield hovered around 4.55%.

💾 NVIDIA Corporation (NVDA) -2.4%

💾 Intel (INTC) -4.84%

💾 Sandisk Corp (SNDK) -12.63%

💾 Micron Technology (MU) -5.65%

💊 Abbott Labs (ABT) +10.69%

🚚 TFI International Inc (TFII.TO) +7.27%

💾 Descartes (DSG.TO) +6.4%

📱 BlackBerry (BB.TO) -14.23%

⛏ Barrick Mining (ABX.TO) -3.97%

🥇 B2Gold Corp. (BTO.TO) -3.75%

🅱 Bitcoin (BTCUSD) (BTC-USD) -1.15%