[Chart courtesy of MarketWatch.com][Chart courtesy of MarketWatch.com]Moving the marketThe market tried to get something going early, but the bounce fizzled and the major indexes slipped back into the red as pressure in the AI space kept weighing on sentiment.Chipmaker Broadcom dropped more than 4%, while Oracle slid over 3%, extending last week’s weakness that already had the S&P 500 and Nasdaq on the back foot. For now, it’s starting to look like the “Magnificent 7” may be a little less magnificent headin ...

Market Overview - Stocks experienced a decline as traders reacted to disappointing earnings reports from major companies, notably Netflix and Texas Instruments [1][2] - The Dow Jones Industrial Average pulled back after reaching a record close near 47,000, with profit-taking observed in blue-chip stocks like Coca-Cola and 3M [3] - The S&P 500 and Nasdaq showed even greater declines following President Trump's comments about a potentially canceled meeting with China's Xi Jinping, which affected risk appetite [3] Company-Specific Developments - Netflix's shares fell approximately 10% after reporting earnings per share of $5.87, which missed forecasts of $6.97, primarily due to a $619 million tax charge related to a dispute in Brazil [2] - Texas Instruments' stock dropped 6% after it reported underwhelming results and provided a softer-than-expected forecast for the upcoming quarter, raising concerns about demand in the chip sector [2] Market Sentiment and Future Outlook - Despite the cautious market tone, traders are looking ahead to upcoming earnings reports from major tech companies, including Tesla, which is expected to kick off a significant reporting season for the "Magnificent Seven" tech giants [4] - Small-cap stocks led the declines, with the most-shorted stocks experiencing their fifth consecutive drop since "Liberation Day" [4] - Bond yields decreased, the dollar remained stable, and gold and silver saw modest recoveries after previous declines [4]