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U.S. Three Major Indices Decline, Nasdaq Falls Over 1.3%, SanDisk Drops Over 12%

AirdropBlackHole
On July 14, according to Bit.com market data, U.S. stock market continued to decline, with the three major indices falling broadly. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both fell over 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump stated that the blockade on Iran would resume immediately, imposing a 20% fee on cargo transportation. Subsequently, Fed Governor Christopher Waller said that if the core inflation data released this week remains high, the Fed will need to consider raising interest rates in the near term. Waller expressed concern over the recent rise in core inflation, citing tariffs, rising energy prices, and demand for AI investment as major factors pushing up inflation.
NDAQ2.97%
STX-7.80%
MU-7.86%
SKHY-10.36%
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