Micron, a U.S. No. 1 DRAM manufacturer known as the "direction rudder of DRAM," plummeted 9.88%. Despite strong earnings announcements, weakness continues due to sharp gains last year.
SanDisk fell 7.04% respectively. Nvidia also declined 1.47%. The Philadelphia Semiconductor Index also plummeted 4.23% and closed. In unison.
International crude oil prices also weighed on the index.
On this day, U.S. West Texas Intermediate crude oil (WTI) exceeded the $100 per barrel mark for the first time in 3 years and 8 months since July 2022 on a closing basis. A psychological resistance line has collapsed.
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This is quite difficult..
