US Markets Open Lower as Nasdaq Drops 0.6% and Storage Stocks Slide
2026-07-01 21:31

Woofun AI data shows that US equity markets opened with declines across major indices, as the Dow Jones fell 0.2%, the S&P 500 dropped 0.3%, and the Nasdaq Composite decreased 0.6%.

Meta Platforms shares advanced 6%, driven by reports of a new cloud initiative to monetize surplus AI computing capacity. Conversely, the storage sector experienced significant losses, with Sandisk down 7.5%, Western Digital falling over 4%, and Micron Technology declining 6%.

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