Trump Praises Micron Twice Today but Fails to Halt Storage Decline, MU Drops Below $1,000 Mark, SanDisk Plunges Over 10%

BlockBeats News, July 2nd, according to BIT (bit.com) market data, the Nasdaq turned down by 0.3% during the U.S. stock market trading session, with the storage sector experiencing a deep retracement. Trump's two praises of Micron today did not help the stock price, as MU broke below the $100 threshold and SanDisk dropped by over 10%.

Micron Technology (MU) fell by 4.2%;

Seagate Technology (STX) fell by 6.2%;

Western Digital (WDC) fell by 6.2%;

SanDisk (SNDK) fell by 10.1%;

The new memory ETF KMEM fell by 8.1%;
Roundhill Memory ETF (DRAM) fell by 6.45%.

Trump stated at noon today: Micron, a truly great American company and one of the hottest companies globally, announced a historically significant $250 million investment in the Trump account. This incredible move, driven by Micron's outstanding CEO, will soon make many children extremely happy. This is the largest corporate investment of its kind and will mark the beginning of the American dream for these outstanding children on the 250th anniversary of the nation's founding.

Trump stated this evening: Micron is a great American company. They announced a $250 million investment in the Trump account to benefit the future of children. Today, Micron's stock price rose by $9. Thank you, Micron!