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Trump's praise for Micron twice today failed to reverse the storage sector's decline, with MU dropping below the $1,000 mark and SanDisk falling over 10%.
BlockBeats news, July 2, according to BIT (bit.com) market data, the Nasdaq turned down 0.3% during U.S. stock trading, with the storage sector undergoing a deep pullback. Trump praised Micron twice today, but it still had no effect on the stock performance. MU fell below the $1,000 mark, and Sandisk fell by more than 10%.
Micron Technology (MU) fell 4.2%;
Seagate Technology (STX) fell 6.2%;
Western Digital (WDC) fell 6.2%;
Sandisk (SNDK) fell 10.1%;
New memory ETF KMEM fell 8.1%;
Roundhill Memory ETF (DRAM) fell 6.45%.
Trump said at midday today: Micron, this truly great American company, and one of the hottest companies in the world, has announced a historically significant $250 million investment in the Trump account. Driven by Micron’s outstanding CEO, this incredible move will, in the near future, make many children feel incredibly happy. This is the largest corporate investment of its kind, and on the 250th anniversary of the founding of the United States, it will open the starting point of the American Dream for these outstanding children.
Trump said this evening: Micron is a great American company. They announced that they will invest $250 million into the Trump account to benefit children’s future. Today, Micron’s share price rose by $9. Thank you, Micron!