U.S. Markets Open Lower as Nasdaq Drops 2.3% and Storage Stocks Slide
2026-06-23 21:32

Data compiled by Woofun AI shows that U.S. equity markets opened with broad-based declines, led by technology-heavy indices. The Nasdaq Composite retreated 2.3%, outpacing losses in the S&P 500, which fell 1.6%, and the Dow Jones Industrial Average, which dipped 0.66%.

Sector-specific weakness was pronounced in storage concepts, where SanDisk opened down 11.3% and Micron Technology dropped 11.8%.

Meanwhile, SpaceX shares declined 2.8%, marking the fourth consecutive session of negative returns and pushing the company's market capitalization below the $200 billion threshold.

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