Wall Street dips as SpaceX falls below IPO price and chip stocks struggle

Price ActionMacro
โดย Seeking Alpha·Read original
Summary · why it matters

Wall Street's major averages declined on Wednesday as SpaceX sank below its $135 IPO start price and semiconductor stocks faltered. The benchmark S&P 500 was last down 0.1%, the Nasdaq Composite was flat, and the Dow Jones Industrial Average slipped 0.1%. SpaceX dropped 2%, while Sandisk, Western Digital, and Micron Technology were among the top decliners in the chip sector. Investors also assessed cooler-than-expected wholesale inflation data, with the June Producer Price Index falling 0.3% month-over-month versus a consensus estimate of a 0.1% decline.

Impact on stocks 4

Semiconductors▼ · 2 stocks
Micron Technology Inc
MU
▼ NegativeDemandrelevance

Micron is among top decliners in the chip sector, indicating weak demand or negative sentiment.

Sandisk Corp
SNDK
▼ NegativeDemandrelevance

Sandisk is among top decliners in the chip sector, indicating weak demand or negative sentiment.

Space Economy▼ · 1 stocks
Cloud & Digital Infrastructure▼ · 1 stocks
Western Digital Corporation
WDC
▼ NegativeDemandrelevance

Western Digital is among top decliners in the chip sector, indicating weak demand or negative sentiment.

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