local
AI stocks sink and drag markets lower worldwide
By Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· July 7, 2026
· 3 min read
The roller-coaster ride for AI stocks snapped back down on Tuesday and dragged Wall Street lower.The S&P 500 fell 0.4% even though the majority of stocks within the index rose. The drops for stocks in the artificial-intelligence industry dragged the Nasdaq composite down 1.2%, while the Dow Jon...
Key takeaway 2%, while the Dow Jones Industrial Average dropped 130 points, or 0.
Why this matters in Terrell Hills News
The slump in Asian markets, particularly in South Korea, may have implications for the San Antonio area, given the city's growing tech industry. With companies like Samsung and SK Hynix experiencing significant losses despite strong earnings reports, investors may be reevaluating their investments in the AI sector. This could potentially impact local businesses and startups that are involved in the development and manufacturing of AI-related technologies. The fact that SK Hynix is planning to raise $28 billion through a US stock offering on the Nasdaq may also be of interest to local investors and businesses looking to expand their presence in the global tech market. As the AI industry continues to evolve, San Antonio's own tech sector may feel the ripple effects of these global market trends, making it essential for local businesses to stay informed and adapt to the changing landscape.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 7, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The roller-coaster ride for AI stocks snapped back down on Tuesday and dragged Wall Street lower.The S&P 500 fell 0.4% even though the majority of stocks within the index rose. The drops for stocks in the artificial-intelligence industry dragged the Nasdaq composite down 1.2%, while the Dow Jon...
When was this published? This article was first published on July 7, 2026 by KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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