U.S. Stocks Fall on Semiconductor Selling Pressure... Major Indexes End Lower

[Financial News] U.S. stocks closed lower as selling pressure centered on semiconductor shares.
On the 16th local time, the Dow Jones Industrial Average (DJIA) ended the session at 52,552.97, down 105.67 points, or 0.20%, from the previous trading day.
The S&P500 fell 38.63 points, or 0.51%, to 7,533.77, while the tech-heavy Nasdaq Composite Index dropped 387.28 points, or 1.47%, to 25,881.95.
Although TSMC in Taiwan reported an earnings surprise in the second quarter, far exceeding market expectations on surging demand for artificial intelligence (AI) semiconductors, semiconductor stocks still faced heavy selling amid lingering concerns over AI valuations. 
TSMC's net profit for the second quarter came to 706.6 billion New Taiwan dollars, up 77% from a year earlier. 
The Philadelphia Semiconductor Index, which tracks 30 major semiconductor stocks listed in the United States, fell 4.3%.
NVIDIA, the leading AI chipmaker, fell 2.40%, while Alphabet Inc., Google's parent company, dropped 4.4%. Memory-related stocks also posted steep losses, including Micron (-5.65%), SanDisk Corporation (-12.63%), Seagate Technology (-10.00%), and WDC (-9.15%).
SK hynix's American Depositary Receipt (ADR), listed on Nasdaq, plunged 13.69%.

taeil0808@fnnews.com Kim Tae-il Reporter