Sandisk Leads Tech Stock Slide as South Korea Jitters Trigger Global Pullback at Midday

Price ActionCommodity
โดย The Motley Fool·Read original
Summary · why it matters

U.S. stocks fell at midday on June 23, with the S&P 500 down 1.06% to 7,393.73 and the Nasdaq Composite sinking 1.56% to 25,759.41, as a technology rout intensified. The Dow Jones Industrial Average edged up 0.09% to 51,758.04. Sandisk tumbled over 12% and Western Digital dropped 8% after a sell-off in South Korean memory giants spread to U.S. chipmakers, while Micron Technology fell almost 11% ahead of its earnings. IBM rose almost 5% following a JPMorgan upgrade, and Walmart gained after signing a 15-year nuclear power supply deal with Constellation Energy. Gold prices fell 1.35% to $4,134.70 and the 10-Year Treasury yield slid to 4.48%.

Impact on stocks 6

Semiconductors▼ · 2 stocks
Sandisk Corp
SNDK
▼ NegativeCompetitionrelevance

Sandisk tumbled over 12% after a sell-off in South Korean memory giants spread to U.S. chipmakers.

Micron Technology Inc
MU
▼ NegativeCompetitionrelevance

Micron fell almost 11% ahead of its earnings, dragged by sell-off in South Korean memory giants.

Energy Transition & Power Demand▲ · 1 stocks
Quantum Computing▲ · 1 stocks
Cloud & Digital Infrastructure▼ · 1 stocks
Western Digital Corporation
WDC
▼ NegativeCompetitionrelevance

Western Digital dropped 8% after a sell-off in South Korean memory giants spread to U.S. chipmakers.

Consumer Staples▲ · 1 stocks
Walmart Inc.
WMT
▲ PositiveDemandrelevance

Walmart signed a 15-year nuclear power supply deal with Constellation Energy, securing long-term energy.

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