South Korea Financial Markets

Screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) are placed at a dealing room of Hana Bank in Seoul, South Korea, Monday, July 20, 2026.

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Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses. The S&P 500 fell 0.2% Monday, coming off just its third losing week since the end of March. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite was nearly unchanged after slipping less than 0.1%. Stocks like Nvidia and Sandisk steadied after tumbling last week on worries that their prices had shot too high. But the broad market also felt pressure from rising yields in the bond market, which continued to climb with oil prices.