business
Wall Street ends lower as chip weakness offsets solid earnings, economic data
By Reuters at Waco Tribune-Herald
· July 16, 2026
· 1 min read
NEW YORK — Chip stocks pulled the Nasdaq and the S&P 500 lower Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings season.
Key takeaway economic data and a strong start to second-quarter earnings season.
Why this matters in The Waco
The downturn in chip stocks and its subsequent impact on the Nasdaq and S&P 500 may have repercussions for Waco 's own economy, particularly in the technology sector. As a city with a growing presence of tech-related businesses, the performance of chip stocks can influence local investment and development decisions. The fact that solid earnings and economic data were not enough to offset the weakness in chip stocks suggests that investors are closely watching the tech industry's performance. This could lead to a more cautious approach from local businesses and investors in Waco, potentially affecting the city's economic growth. Additionally, the strong start to second-quarter earnings season may still bring benefits to Waco's economy, but the chip stock weakness will be a key factor to watch in the coming weeks. Local business leaders will likely be monitoring the situation closely to determine its impact on the city's economic landscape.
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: business ·
Published: July 16, 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 — Chip stocks pulled the Nasdaq and the S&P 500 lower Thursday as they continued to lead broader market moves despite generally upbeat U.S. economic data and a strong start to second-quarter earnings season.
When was this published? This article was first published on July 16, 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 .
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