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Meta Platforms led a rally in Magnificent Seven stocks on Wednesday, but the Nasdaq couldn’t overcome a chip stock clobbering. The Nasdaq fell 0.7%. The S&P 500 dropped 0.2%. The Dow fell slightly. Despite the S&P 500's struggles, a majority of stocks actually rose.
Even though Micron stock is falling, there is some good news for investors today.
The Dow would be up nearly 500 points if it weren’t for Caterpillar. Instead, the blue-chip index was up just 44 points, or 0.1%. The S&P 500 was flat. The Nasdaq was down 0.3%. Despite what the big three indexes are saying, most stocks were actually doing quite well on Wednesday.
Sandisk stock is under pressure today, but there is actually some positive news for investors.
UBS has released its “Global Wealth Report 2026.” Among the headline conclusions was that “Nearly one million new millionaires were created in 2025, with the United States accounting for almost half of this growth, with more than 1,200 new millionaires emerging every day. “ The report also showed that the U.S. added 400,000 millionaires last ... U.S. Creates 1,200 Millionaires Per Day
Stocks were mixed, with the Nasdaq composite retreating after U.S. equities closed out a blockbuster quarter Tuesday.
Even the Nasdaq is joining the party. The tech-heavy index briefly turned higher and was down just 0.3% around noon. ET. The S&P 500 was up 0.2%. The Dow was up 300 points, or 0.6%. Chip stocks were still getting crushed, but big gains in software and most of the Mag 7 acted as a counterbalance.
Is Palantir becoming a hot stock again?
Progress Software just served up a beat-and-raise quarter that has investors feeling bullish.
Shares of Micron Technology (NASDAQ:MU) are down 8% to $1,061.44 in Wednesday morning trading, while SanDisk (NASDAQ:SNDK) stock has slid 10% to $2,051.10 and Western Digital (NASDAQ:WDC) shares have dropped 7% to $595.81. The memory group is leading a broader semiconductor pullback as the NASDAQ 100 opens the second half of the year lower. The ... Micron Drops 8%, SanDisk Slumps 10%, Western Digital Falls 7% as Memory Stocks Pull Back With the NASDAQ
Leveraged single-stock ETFs tied to chip and AI winners soared as Wall Street wrapped up a strong first half of 2026.
Private Payrolls Increased Less Than Expected
U.S. stocks were in the red, with the Nasdaq composite retreating the most after U.S. stocks closed out a blockbuster quarter with a bang.
SBF's FTX-linked X account praised traditional stocks, reviving intense presidential pardon talk as the FTT price briefly spiked by 11%.
US stocks looked set to open lower on Wednesday as investors monitored developments in the Middle Ea
US stock futures are tracking lower in Wednesday's premarket session as investors parse developments
The main US stock measures were pointing lower in Wednesday's premarket activity as traders await ke
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