Dow rises while Nasdaq sinks as chip rout and SpaceX swings drive split

Price ActionIndustry Impact 4
โดย Dow Jones·Read original
Summary · why it matters

The Dow Jones Industrial Average advanced for a third straight session while the Nasdaq Composite fell sharply, extending a rotation out of tech. Micron Technology dropped 11.2% after a 10% overnight plunge in South Korea's Kospi index, triggered by regulatory warnings on leveraged ETFs tied to Samsung and SK Hynix that have tripled to more than $9 billion. The semiconductor sell-off also hit ARM Holdings, Marvell Technology, and Texas Instruments, each down roughly 9%. SpaceX, a component of the Nasdaq, reversed a premarket decline to gain 8.2% after unveiling Starfall, a space-to-Earth cargo service that Wall Street appears to value in the billions. The Dow was supported by a 4.8% rise in IBM, which added 75 points on bullish analyst notes from JPMorgan and Morgan Stanley and a multi-year AI partnership with OpenAI.

Impact on stocks 9

Artificial Intelligence▼ · 3 stocks
Semiconductors▼ · 2 stocks
Micron Technology Inc
MU
▼ NegativeRegulationrelevance

Regulatory warnings on leveraged ETFs tied to Samsung and SK Hynix triggered a semiconductor sell-off, dragging Micron down 11.2%.

Quantum Computing▲ · 1 stocks
International Business Machines
IBM
▲ PositiveCapitalrelevance

Bullish analyst notes from JPMorgan and Morgan Stanley and a multi-year AI partnership with OpenAI drove shares up 4.8%.

Space Economy▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Financials▲ · 1 stocks

Off-coverage companies 1

OpenAIPrivate± Mixed
relevance

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