U.S. Stock Indices Close Lower

On June 24, all three major U.S. stock indices closed lower, with the Dow Jones falling by 0.09%, the Nasdaq dropping by 2.21%, and the S&P 500 decreasing by 1.43%. The Nasdaq 100 index, which is more concentrated in tech stocks, fell by 3.29%. Semiconductor stocks were hit hard, with the Philadelphia Semiconductor Index dropping by 7.87%, marking the largest decline since June 5. SanDisk and Micron Technology fell over 13%, ARM dropped over 10%, Qualcomm, Western Digital, and Applied Materials fell over 8%, ASML and NXP Semiconductors dropped over 7%, TSMC and Intel fell over 6%, AMD dropped over 5%, NVIDIA fell by 4.15%, and Broadcom dropped over 3%. SpaceX rose nearly 1%, ending a three-day decline.