New York Stock Exchange Closes with Decline: Chip Companies and Geopolitical Developments

The New York Stock Exchange closed with a decline. The Dow Jones index decreased by 0.25% to 52,925.15 points. The S&P 500 index fell by 0.45% to 7,503.85 points, and the Nasdaq index dropped by 1.16% to 25,818.69 points. The sales pressure in the shares of chip companies led to a negative trend in the stock market. Analysts stated that the news of Chinese company DeepSeek developing its own artificial intelligence chip had an impact on the sales wave in chip companies. Marvell Technology's shares fell by 7.5%, Lam Research's shares by 6.9%, AMD and Applied Materials' shares by 6.5%, Micron Technology's shares by 4.7%, Qualcomm's shares by 1.9%, and Broadcom's shares by approximately 1%. On the geopolitical side, the news of Iran's renewed attacks in the Strait of Hormuz raised concerns about escalating tensions in the Middle East, while the US administration canceled the 60-day general license issued on June 21, which allowed the production, delivery, and sale of Iranian oil. With these developments, the price of Brent oil rose by 5% to $75.71 per barrel as of 23:00 TSİ. On the macroeconomic data side, the US trade deficit increased by 42.2% in May, reaching $77.6 billion, the highest level since March 2025. The short-term inflation expectations of consumers in the US also rose to 3.7% in June, the highest level since September 2023.

Market Impact and Future Expectations: The decline in the New York stock market and geopolitical developments may cause fluctuations in global markets. The sales pressure in the shares of chip companies is causing concern in the technology sector, while Iran's attacks in the Strait of Hormuz may lead to fluctuations in the energy market. The increase in the US trade deficit and consumer inflation expectations is creating uncertainty in the economy, which will be closely monitored by investors and decision-makers.