The U.S. stock market fell last night after semiconductor-related stocks dropped sharply, with the overall index slipping 0.69% and 0.22% from yesterday. In particular, Philadelphia (PhilaDel) Memory Systems saw a steep decline of 4.98%, Micron dropped 7.02%, and Sandisk fell 9.01%. SK Hynix recorded a large fall of 9.20% on the ADR. This trend caused the Korean-listed stock fund EWY (MSCI KOREA) to tumble 8.13%.
Breaking it down sector by sector, Energy rose 1.79%, showing the highest gain. Healthcare and consumer staples each gained about 1%, while information technology and industrial materials and chemicals showed modest gains. Even large-cap tech stocks could not escape weakness; firms that were high up in the market all recorded declines.
At the California courts, a judge ruled on the legality of SNS service operations, causing Meta to fall 4.45%. Nvidia slid 2.34%, SpaceX fell 1.98%. Amazon held steady while AlphaBet and Microsoft showed strong performance. Apple, lagging slightly in AI‑investment competition, gained 1.45%.
Tension in the Middle East also impacted the market. U.S. Treasury yields dipped somewhat but remained at high levels, which continues to alarm investors. Together with the Trump administration’s ongoing talks on the Iran–Saudi relationship via social network services, these external factors are said to have contributed to the overall weakness of the U.S. stock market.