Woofun AI reports that US equity markets closed lower on Tuesday, with the Dow Jones Industrial Average declining 0.25%, the S&P 500 falling 0.45%, and the Nasdaq Composite dropping 1.16%. Storage chip manufacturers faced significant downward pressure, as SanDisk shares fell 7%, Western Digital declined nearly 8%, and Micron Technology dropped 4.7%.

Additionally, the Nasdaq China Golden Dragon Index closed 0.57% lower, with iQIYI shares decreasing by nearly 7%.