US and European equities edged lower on July 16, 2026, as investors took a harder look at the artificial-intelligence-driven rally that has powered much of the year's gains, with chipmaker shares slipping even after Taiwan Semiconductor Manufacturing Co. reported strong results. S&P 500 futures dipped 0.1% and Nasdaq 100 futures fell 0.5%, while Europe's Stoxx 600 slid 0.5% amid the broad risk-off tone.
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