Nasdaq 100 Enters Correction, SanDisk Sinks Over 50% From Peak: Stock Market Today
The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China. The memory sector has been at the heart of July’s rout. SanDisk Corp. (NASDAQ: SNDK ) — the S&P 500’s top performer of 2026 before the downturn — has plunged more than 50% from its peak, while Micron Technology Inc. (NASDAQ: MU ) has lost roughly one-third of its market value. • Sherwin-Williams stock is charging ahead with explosive momentum. What’s driving SHW stock higher? Peers SK Hynix Inc. (NASDAQ: SKHY ), Seagate Technology Holdings plc (NASDAQ: STX ) and Samsung Electronics Co. Ltd. (OTC: SSNLF ) also sold off sharply Tuesday as investors reassessed the memory sector after China’s memory champion, C hangXin Memory Technologies (CXMT), surg...
The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China. The memory sector has been at the heart of July’s rout. SanDisk Corp. (NASDAQ: SNDK ) — the S&P 500’s top performer of 2026 before the downturn — has plunged more than 50% from its peak, while Micron Technology Inc.
(NASDAQ: MU ) has lost roughly one-third of its market value. • Sherwin-Williams stock is charging ahead with explosive momentum. What’s driving SHW stock higher? Peers SK Hynix Inc.
(NASDAQ: SKHY ), Seagate Technology Holdings plc (NASDAQ: STX ) and Samsung Electronics Co. Ltd. (OTC: SSNLF ) also sold off sharply Tuesday as investors reassessed the memory sector after China’s memory champion, C hangXin Memory Technologies (CXMT), surged 466% in its Shanghai trading debut. S.
equity markets by midday Tuesday, the tape was sharply bifurcated, with earnings winners and rate-sensitive corners rallying against a bleeding AI-hardware complex. 3%, to 52,865 points. Sherwin-Williams Co. 20.
Coca-Cola Co. 3%, reaching fresh record highs, after topping estimates at 97 cents per share and boosting its outlook on World Cup-fueled demand. 6% to 27,882. Within Magnificent Seven stocks, Microsoft Corp.
2%, Meta Platforms Inc. (NASDAQ: META ) share price was volatile ahead of Wednesday’s earnings, Alphabet Inc. 9%, and Apple Inc. 9% before Thursday’s report.
81, amid rising hopes for a ceasefire. 60%. 2%. S.
3%. 3%. 6%. 1%.
0%. 0% in July. S. S.
5%. 5% slide in Bloom Energy Corp. (NYSE: BE ) ahead of its report tonight. The AI hardware complex was the session’s bleeding edge.
9% drop, Advanced Micro Devices Inc. 7%, Intel Corp. 4%, and equipment makers Applied Materials Inc. (NASDAQ: AMAT ) and Lam Research Corp.
2% ahead of Lam’s Wednesday report. Storage and optical names cratered in sympathy: Western Digital Corp. 3%, Coherent Corp. 0%, Lumentum Holdings Inc.
0% and Ciena Corp. 2%. Dell Technologies Inc. 3% and Super Micro Computer Inc.
7% before Wednesday’s print, GE Vernova Inc. 6%, and Quanta Services Inc. 1% ahead of Thursday’s results. The other side of the rotation was just as violent: software and IT services ripped higher, with Workday Inc.
0%, Cognizant Technology Solutions Corp. 0%, Autodesk Inc. 6%, Adobe Inc. 1% and Salesforce Inc.
9%. Tuesday’s Earnings Winners and Losers Among earnings movers, Repligen Corp. 5 billion cash-and-stock deal for BioLife. IQVIA Holdings Inc.
15 and a full-year guidance hike backed by record clinical bookings. 16 billion. Armstrong World Industries Inc. 25) and revenue while lifting its full-year sales outlook.
Boeing Co. 9% following its q