Dow Recovers While Sandisk Tumbles 11% as Tech Weakness Persists

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3▲0 ▼3Impact / 5
Summary · why it matters

The Dow Jones Industrial Average recovered a portion of its Thursday loss, rising 0.46% to 51,947, while the S&P 500 edged up 0.05% to 7,412 and the Nasdaq Composite slipped 0.64% to 24,976 amid continued tech weakness. Sandisk Corporation dropped almost 11% alongside other memory stocks, and Intel shares declined 6.5% despite a quarterly earnings beat. Technology stocks fell 2.37% as concerns over high artificial intelligence spending continued to weigh on the sector. WTI crude oil retreated 2.25% to $90.12, easing inflation fears slightly, but investors remain nervous due to oil supply chain disruptions and new global tariffs. Bank of America’s Bull & Bear Indicator hit its highest level since 2021, signaling extreme bullishness that has often preceded market selloffs.

Impact on assets 4

Semiconductors▼ · 2 stocks
Sandisk Corp
SNDK
▼ NegativeDemandrelevance

Sandisk dropped almost 11% alongside other memory stocks amid continued tech weakness and concerns over high AI spending.

Intel Corporation
INTC
▼ NegativeCapitalrelevance

Intel shares declined 6.5% despite a quarterly earnings beat, as tech weakness persists due to high AI spending concerns.

Financials▲ · 1 stocks
Bank of America Corp
BAC
± MixedCapitalrelevance

Bank of America's Bull & Bear Indicator hit highest since 2021, signaling extreme bullishness that often precedes selloffs, but no direct impact on the company.

Others▼ · 1 stocks
⛏Crude Oil WTI Futures
WTI
▼ NegativeSupplyrelevance

WTI crude oil retreated 2.25% to $90.12, easing inflation fears, but supply chain disruptions and new global tariffs create uncertainty.

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