local
Wall St ends lower for the day and week as chip selloff broadens
By REUTERS at Waco Tribune-Herald
· July 17, 2026
· 1 min read
NEW YORK — Wall Street extended its decline Friday as a pullback on stocks associated with the artificial intelligence boom, which drove many of the gains so far this year, morphed into a larger risk-off sentiment.
Why this matters in The Waco
The downturn on Wall Street could have implications for Waco 's economy, particularly for local businesses and investors who have diversified their portfolios to include technology stocks. As the selloff of chip stocks broadens, it may lead to a decrease in consumer and business spending in the Waco area, potentially affecting local retailers and restaurants. Additionally, the decline in the stock market may also impact the city's revenue, as a slowdown in economic growth could lead to reduced tax revenues. This, in turn, could affect the city's ability to fund public projects and services, making it essential for local leaders to closely monitor the situation and adjust their budgets accordingly. The Waco community will be watching to see how the national economic trends play out and what effects they will have on the local economy.
About this story
Original reporting by Waco Tribune-Herald . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit Waco Tribune-Herald . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 17, 2026 ·
Source: Waco Tribune-Herald ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? NEW YORK — Wall Street extended its decline Friday as a pullback on stocks associated with the artificial intelligence boom, which drove many of the gains so far this year, morphed into a larger risk-off sentiment.
When was this published? This article was first published on July 17, 2026 by Waco Tribune-Herald and curated for The Waco readers.
Who reported this story? This story was reported by REUTERS at Waco Tribune-Herald. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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