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US Stock Market Close Recap: Apple Leads the Way, But It Can’t Hide the Tech Slump; Micron Labor Dispute Drags Chip Stocks
On Tuesday, US stocks diverged: the Nasdaq fell more than 1%, and the technology sector as a whole faced pressure. Among the top 20 by trading value, only 4 finished higher, and market sentiment remained cautious.
Trading value and price change:
Apple (AAPL): Trading value 16.994 billion, up 2.61%. On its first day, the new CEO talked about a “remarkable” release next week, and the market gave him face.
Micron (MU): Trading value 25.955 billion, down 2.64%. A Taiwanese union caused a strike; bonuses couldn’t be agreed on, and the lead instigator sold off the stock.
Tesla (TSLA): Trading value 12.856 billion, down 3.22%. Cybercab is coming soon, but the stock still kept falling.
Nvidia (NVDA): Trading value 23.281 billion, down 1.51%. It pulled back along with the sector.
Oracle (ORCL): Trading value 3.585 billion, down 5.23%. It became the most conspicuous “big loser” on the board.
News context: Chip stocks are the hardest hit. Micron’s strike combined with declines in Sandisk and Nvidia has left the whole sector in low spirits.
Google landed a large geothermal-related deal, but the market barely reacted. Salesforce invested in an HR company—one of the few bright spots.
Another day where the market is led around by the news. Apple is a standout, but it can’t carry the broader group. Labor disputes and personnel changes—these kinds of headaches—drew strong market reactions.
With this kind of market, don’t get carried away chasing gains, and don’t blindly bottom-fish. Hold your hands, and wait for things to become clear before acting.$TSLA $DRAM $SOXL
US Stock Market Close Recap: Apple Leads the Way, But It Can’t Hide the Tech Slump; Micron Labor Dispute Drags Chip Stocks
On Tuesday, US stocks diverged: the Nasdaq fell more than 1%, and the technology sector as a whole faced pressure. Among the top 20 by trading value, only 4 finished higher, and market sentiment remained cautious.
Trading value and price change:
Apple (AAPL): Trading value 16.994 billion, up 2.61%. On its first day, the new CEO talked about a “remarkable” release next week, and the market gave him face.
Micron (MU): Trading value 25.955 billion, down 2.64%. A Taiwanese union caused a strike; bonuses couldn’t be agreed on, and the lead instigator sold off the stock.
Tesla (TSLA): Trading value 12.856 billion, down 3.22%. Cybercab is coming soon, but the stock still kept falling.
Nvidia (NVDA): Trading value 23.281 billion, down 1.51%. It pulled back along with the sector.
Oracle (ORCL): Trading value 3.585 billion, down 5.23%. It became the most conspicuous “big loser” on the board.
News context: Chip stocks are the hardest hit. Micron’s strike combined with declines in Sandisk and Nvidia has left the whole sector in low spirits.
Google landed a large geothermal-related deal, but the market barely reacted. Salesforce invested in an HR company—one of the few bright spots.
Another day where the market is led around by the news. Apple is a standout, but it can’t carry the broader group. Labor disputes and personnel changes—these kinds of headaches—drew strong market reactions.
With this kind of market, don’t get carried away chasing gains, and don’t blindly bottom-fish. Hold your hands, and wait for things to become clear before acting.$TSLA $DRAM $SOXL
