TREE NEWS reports: The three major US stock indices closed lower, with the Dow down 3.78% intraday, the Nasdaq down 6.83% and the S&P 500 down 4.65%. Among notable names, SanDisk (SNDK) fell 22.69%, AMD dropped 17.92%, Micron (MU) lost 17.15%, MARA declined 13.35%, SKHY fell 13.30% and BitMine (BMNR) dropped 11.43%.
US stocks close lower; Dow falls 3.78%, Nasdaq drops 6.83%
AI take
The damage is concentrated in semiconductors and crypto-linked equities rather than spread evenly, with SanDisk, AMD and Micron falling far harder than the broad indices. That pattern points to a tech and digital-asset risk unwind rather than a general macro selloff, and it matters most for holders of chip and crypto-mining exposure, where the drawdown is roughly double the S&P's. Whether the selling stays confined to these high-beta names or bleeds into the wider market is the open question worth watching.
Generated by AI for reference only.
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