U.S. Stocks Hit 479 Lows Versus 60 Highs Wednesday

Investor Peter Schiff on Wednesday challenged President Donald Trump ’s claim of a booming stock market, pointing to a wave of stocks hitting 52-week lows. S. stocks hit 52-week lows Wednesday while only 60 hit new highs, a ratio of roughly eight to one. “Trump likes to take credit for a booming stock market.

But most stocks are actually in bear markets,” he added. S. stock market, 479 stocks made 52-week lows while only 60 made 52-week highs. That's eight stocks hitting new lows for every one hitting a new high.

Trump likes to take credit for a booming stock market. But most stocks are actually in bear markets. — Peter Schiff (@PeterSchiff) October 14, 2026 Trump has regularly touted the strength of the stock market, and in September, he said that “the stock market will go up ” despite the war in Iran, adding that it had kept hitting new records and would likely be even higher without the war. 87.

The iShares Semiconductor ETF (NASDAQ: SOXX ), which is up about 70% this year, has fallen for seven sessions in a row. Chip stocks have been hit by worries that financing could constrain the AI buildout, a hotter-than-expected inflation reading, bets on further Federal Reserve rate hikes, and concerns that China’s ChangXin Memory Technologies is stepping up competition in memory chips. S. 4% in August, adding to expectations of further tightening.

75%—4% on Sept. 16, and the dot plot median points to one more hike this year. 92 and is down about 46% so far this year. AST SpaceMobile (NASDAQ: ASTS ) hit a 52-week low of $42 and is down about 50% this year, with analysts at Piper Sandler downgrading the stock this week.

32% in early pre-market trading on Thursday. 18% in premarket trading. Edge rankings indicate the Invesco QQQ Trust has a Momentum score in the 81st percentile. See More: Top Momentum Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

Photo courtesy: Shutterstock