Bearish
Nasdaq 100 declines 1.61% amid sharp drops in U.S. storage stocks
Over the past 24 hours, the Nasdaq 100 index experienced a significant decline of 1.61%, closing at 29,329.21 points. This downturn was primarily driven by substantial losses in U.S. storage stocks, notably SanDisk, which fell by 6.8%, and Seagate, which dropped by 5.1%. The broader technology sector also faced headwinds, with the Philadelphia Semiconductor Index (SMH) decreasing by over 5%, reflecting growing investor caution.
Key points
- Nasdaq 100 closes 1.61% lower at 29,329.21 points.
- SanDisk shares decline by 6.8%, Seagate by 5.1%.
- Philadelphia Semiconductor Index (SMH) drops over 5%.
- No significant market-moving events reported in the past 24 hours.
Sources
- Schwacher Handel in New York: NASDAQ 100 fällt schlussendlich zurückfinanzen.ch · July 2, 2026
- NASDAQ-100 turns negative intraday; U.S. storage stocks fall sharply, SanDisk down 6.8%, Seagate down 5.1%Gate News · July 2, 2026
- La brecha de volatilidad entre el Nasdaq 100 y el S&P 500 alcanza el nivel más alto desde 2008, SMH cae un 5%Gate News · July 2, 2026
AI-generated from public news sources. Not financial advice.
