Big Tech, specifically the semiconductor industry, was dealt a big blow in trading as chip giants like Nvidia (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), and ASML Holding (ASML) sank in the day’s session. Signs of a so-called “Trump Trade” are ringing throughout Wall Street, specifically with interest in M&A activity which could see a pullback if the former president were to assume office for a second term.
Yahoo Finance markets reporter Josh Schafer joins Asking For A Trend to break down the latest market trends for July 17.
For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.
This post was written by Nicholas Jacobino
