Semiconductor stocks fell on July 1, 2026, as investors took profits following a first half in which chip names climbed more than 80%. The rotation pulled the Nasdaq Composite down 0.66% to 26,040.03, with Micron sliding more than 10% even as it held onto a year-to-date gain above 260%. Key Takeaways Semiconductor stocks declined on July 1, 2026,

Federal Reserve Chair Kevin Warsh said inflation remains too elevated and reaffirmed the central bank’s 2% target during his first international appearance since taking the role, remarks that markets read as reducing the odds of near-term interest rate cuts. Warsh made the comments July 1 at the European Central Bank Forum in Sintra, Portugal, alongside the heads of

The American consumer continues to spend at a pace that outstrips income growth, drawing down savings and accumulating credit card debt to sustain a consumption engine that accounts for roughly two-thirds of U.S. gross domestic product. The personal saving rate fell to 2.6% in April 2026, the lowest reading since 2022, before recovering modestly to 3.0% in May,