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Tesla is down nearly 18% this week, marking its biggest single-week drop since 2022; SpaceX is down more than 7% this week
Mars Finance News: On July 25, according to market data from BIT (bit.com), on Friday the three major U.S. stock indexes closed with mixed performance. The Dow Jones Industrial Average rose 0.46%, the S&P 500 rose 0.05%, and the Nasdaq fell 0.64%. The Philadelphia Semiconductor Index plunged 4.25%.
In individual stocks, SanDisk fell by more than 10%, Coherent fell by more than 9%, SK hynix fell by more than 8%, and Kioxia ADR fell by more than 14%. In addition, chip stocks such as Marvell Technology, Intel, Western Digital, and Micron Technology all saw significant declines.
Tesla fell by more than 2%, and for the week it is down nearly 18%, marking the largest weekly drop since 2022. SpaceX’s share price continued to hit new lows, and for the week it is down more than 7%.