Lates News

This week, the storage chip index fell by 16.7% - with component stocks SanDisk dropping by 27.3%, Western Digital dropping by 17.6%, and Micron dropping by 11.8%. The S&P fell by 1.5%, the Dow fell by 0.8%, and the Nasdaq fell by 2.7%. The Philadelphia Semiconductor Index fell by 9.5%. The S&P 500 index initially fell by about 1%, the telecommunications sector fell by 2.4%, the consumer discretionary sector fell by 1.5%, the technology sector fell by 0.8%, and the energy sector rose by 1.1%. The Nasdaq 100 index initially fell by 1.5%, with component stocks Intuitive Surgical falling by 13.8%, Kinsus Electronics falling by 9%, Silicon Motion falling by 8%, Netflix falling by 6.9%, Applied Materials and Astera Labs falling by over 5%, Western Digital rising by 2.2%, Diamondback Energy rising by 2.9%, Nebius Group rising by 3%, Lumentum rising by 4.1%, and Seagate Technology rising by 6.2%. Coca-Cola initially fell by 4.1%, leading the Dow component stocks along with IBM, Home Depot, Goldman Sachs, Sherwin-Williams, McDonald's, and Google A, while Apple rose by 0.1%, Cisco rose by 2.1%, and Travelers Companies Inc. rose by 9.5%.