BlockBeats News, July 14th, according to Bit.com market data, the US stock market continued to decline, with the three major indices all falling, and the Nasdaq falling by more than 1.3%, led by tech stocks:
Sandisk fell by 12.28%, Western Digital and Seagate Technology both fell by over 6%, Micron fell by 5.53%, SK Hynix fell by 7.6%, Intel fell by over 6%, and SpaceX fell by 4.36%.
On the news front, Trump announced the immediate resumption of sanctions on Iran, charging a 20% fee on goods transportation. Subsequently, Federal Reserve Board Member Waller stated that if this week's core inflation data remains high again, the Fed will need to consider raising interest rates soon. Waller expressed concerns about the recent rise in core inflation, citing tariffs, energy price increases, and AI investment demand as the key drivers of inflation.
