The Nasdaq Composite closed lower for the fourth consecutive session, as broad-based selling in large-cap technology shares overwhelmed positive catalysts from the semiconductor sector.
All seven members of the so-called Mag 7 index finished in negative territory, signaling persistent pressure on the market’s most heavily weighted names.
Micron Technology provided a rare bright spot, with shares surging 15% following a strong earnings report.
Micron Technology provided a rare bright spot, with shares surging 15% following a strong earnings report.
The memory chip maker’s results highlighted continued demand in specific segments of the hardware supply chain, but the rally was not enough to offset losses elsewhere in the tech complex.
Microsoft and Apple both declined, dragged down by concerns over new price increases for their services and products.
The sell-off in these mega-cap weights underscored investor sensitivity to valuation and consumer spending trends, even as earnings season continues to deliver mixed signals.