Storage Sector ETF KMEM Drops 2.1% as US Stocks Open Lower
2026-07-02 21:43

Woofun AI reports that US equity markets opened lower, reversing earlier pre-market gains in the storage sector. While Micron Technology rose 1.3% following a social media mention by Trump, other major players declined. Seagate Technology fell 1.35%, Western Digital dropped 0.48%, and SanDisk decreased 1.87%. The new memory ETF KMEM fell 2.1%, with its portfolio heavily weighted toward SK Hynix at 41.53%, Micron at 19.85%, and Samsung Electronics at 18.81%.

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