U.S. Stocks Experience 「Sell the News」 Phenomenon, Nasdaq Drops Over 1%, Micron Opens High and Then Declines, Storage Stocks Remain Resilient

BlockBeats News, June 25th, according to Bitget data, the U.S. stock market saw "sell the news" after the market opened today. The Nasdaq 100 index reversed from a 2.1% gain to a decline of over 1% within 30 minutes. Component stocks were hit hard, with Strategy falling by 7.1%, Applovin by 6.3%, Rocket Lab by 6%, and Apple performing the fourth worst with a 5.1% decline. Arm Holdings, Marvell Technology, and NVIDIA all dropped at least 2.9%.

Storage stocks remained strong, with Western Digital up 3.6%, Micron up 8.6%, and SanDisk up 10.6%.