Stock Market Update
02-Jul-26 14:30 ET
Memory names sharply lower
Dow +342.48
at 52647.72,
Nasdaq -275.44
at 25785.59,
S&P -27.65
at 7455.58
[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-1.2%), and DJIA (+0.5%) continue to trade in a mostly lower fashion this afternoon.
The information technology sector (-1.9%) is charting session lows with memory names such as Sandisk (SNDK 1740.00, -292.22, -14.38%), Western Digital (WDC 533.70, -64.67, -10.81%), and Seagate Tech (STX 804.45, -110.74, -12.10%) among the worst performers. Today's pressure across memory names is being partially attributed to an earlier report from Bloomberg that Apple (AAPL 307.78, +13.40, +4.55%) is making a lobbying effort to buy Chinese-made memory chips.
