Storage Sector Slumps 10% Despite Trump Praises, MU Breaks Below $100 Threshold
2026-07-02 23:01

Woofun AI data shows that the Nasdaq declined by 0.3% during U.S. trading, dragging the storage sector into a deep retracement. Micron Technology (MU) fell 4.2%, breaking below the $100 mark, while SanDisk (SNDK) plunged 10.1%. Other declines included Seagate (STX) at -6.2%, Western Digital (WDC) at -6.2%, KMEM ETF at -8.1%, and DRAM ETF at -6.45%.

Trump issued two statements praising Micron as a 'great American company' for its $250 million investment in the Trump account. He claimed this move, driven by the CEO, would benefit children and mark a historic moment. Despite these endorsements and a reported $9 stock rise mentioned in the evening statement, market data confirms the broader sector sell-off continued throughout the session.

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