Intel slump deepens and the $3.7 trillion chip rout spreads to other names
FROM THE WIRE · FINANCE.YAHOO.COM
Wall Street mostly swept up last week's tech wreckage Monday. Chip stocks kept tracking mud back through the house. About 7 in 10 S&P 500 stocks rose Monday, yet nearly every chip stock fell, and the group shed more than $400 billion in market value in a single session, by Yahoo…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe chip sector shed over $400 billion in market value in a single session, a sector-wide move.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel slid about 9% after its worst day since 1974 on October 30.
- 02Nearly every chip stock fell, while about 7 in 10 S&P 500 stocks rose.
- 03Micron, Sandisk, Seagate and Western Digital also declined.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Intel Corp.59.97 USDMarket closedtoday -8.80%Negative Micron Technology, Inc.833.59 USDMarket closedtoday -5.78%Negative Sandisk Corporation1,075.08 USDMarket closedtoday -6.59%Negative Seagate Technology Holdings plc593.76 USDMarket closedtoday -7.88%Negative Western Digital Corporation338.59 USDMarket closedtoday -7.52%Negative S&P 5007,542.32Market closedtoday -0.50%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets