Sandisk Plunges Over 10% as Tech Weakness Drags Markets Lower

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

The S&P 500 fell 0.05% to 7,354.02, the Nasdaq Composite declined 0.24% to 25,297.62, and the Dow Jones Industrial Average slipped 0.09% to 51,876.11 on June 26, as technology weakness intensified. Sandisk shares plunged over 10% and Micron Technology fell 7%, leading a sell-off in memory and chipmakers that weighed on the broader technology sector. Broadcom and Seagate Technology also finished lower amid shifting sentiment and rising volatility. The tech-heavy Nasdaq finished the week down 5% as the artificial intelligence trade came under increasing pressure, while sticky inflation data drove a rotation into defensive stocks. Gold prices rose 0.96% to $4,086.40 and the 10-Year Treasury yield fell 0.02% to 4.38%.

Impact on stocks 4

Semiconductors · 2 stocks
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