US Stock Market Close: Semiconductor Index Down 11% in Two Days, Storage Sector Plunges, SanDisk Drops Over 14%

BlockBeats News, July 3rd, according to BIT (bit.com) market data, the U.S. stock market closed with mixed results. The Dow posted a modest gain of 1.1%, setting a new closing high. The S&P 500 index edged down, while the Nasdaq fell by 0.8%. The U.S. non-farm payroll data for June showed a significant slowdown, easing concerns about the Fed's imminent interest rate hikes. However, mounting doubts about the ROI of AI investments intensified selling pressure, dragging down the Nasdaq 100 by over 2% at one point during the day. The semiconductor sector saw a second day of heavy selling, with the Philadelphia Semiconductor Index plunging over 11% in two days.

Nvidia (NVDA) fell by 1.39%;
Taiwan Semiconductor ADR (TSM) fell by 2.27%;

Marvell Technology (MRVL) fell by 9.84%;

Seagate Technology (STX) fell by 10.38%;

Western Digital (WDC) fell by 9.92%;

Sandisk (SNDK) fell by 14.13%;

Micron Technology (MU) fell by 5.49%.