All three major New York stock indexes closed lower on the 4th (local time). The semiconductor sector showed strength with the Philadelphia Semiconductor Index surging more than 3%, and storage-related stocks were hot enough that some names posted double-digit gains. Large-cap tech stocks were mixed, while Chinese company stocks actually moved higher.<\/p>\n
The Dow Jones Industrial Average finished down 271.86 points (0.51%) at 53,414.25. The S&P 500 fell 29.11 points (0.38%) to 7,718.60, and the Nasdaq Composite slipped 77.07 points (0.29%) to 26,506.99. The Nasdaq 100, however, rose 61.84 points (0.21%) to close at 29,544.16, indicating that tech stocks were not uniformly weak.<\/p>\n
Semiconductors were unquestionably the centerpiece of the session. The Philadelphia Semiconductor Index surged 383.13 points (3.38%) to 11,735.26. Among individual names, AMD rose 4.69%, Intel gained 4.51%, ASML Holding ADR advanced 4.17%, and Lam Research climbed 5.12%. Nvidia posted a modest 0.84% gain, but the fact that it did not decline underscored how investor sentiment tilted toward semiconductors.<\/p>\n
Storage-related stocks delivered the most pronounced rally of the day. SanDisk soared 11.90%, and SK Hynix ADR jumped 8.14%. Micron Technology rose 6.10%, Western Digital gained 5.86%, and Seagate Technology climbed 6.34%. Analysts attributed the buying to expectations that AI server semiconductor demand is expanding into the storage segment.<\/p>\n
Beyond semiconductors, Cerebras Systems rose 10.3% and Astera Labs gained 9.75%, spreading warmth across AI infrastructure names broadly. TSMC ADR also advanced 2.85%.<\/p>\n
Large-cap tech stocks showed clear divergence. Tesla plunged 5.92%, leading the index decline, while Apple fell 2.51% and Microsoft dropped 2.04%. Alphabet Class A and Class C shares declined 1.11% and 1.05%, respectively, and Amazon slipped 0.15%. Meta, by contrast, rose 1.00%, and Broadcom edged up 0.21%, holding up relatively well.<\/p>\n
The software sector was among the weakest areas of the market. Guidewire Software plunged 19.9%, UiPath fell 16.6%, Asana dropped 12.7%, Autodesk declined 8.3%, and Adobe slid 6.7%. Analysts suggested that rate-hike concerns weighed on growth-stock valuations. Palantir Technologies also fell 4.49%.<\/p>\n
Chinese company stocks moved against the broader U.S. market weakness. The Nasdaq China Golden Dragon Index rose 0.89%, and a key Chinese tech stock index gained 1.49%. Among individual names, Yixian E-Commerce surged 12.15%, Lanz Medical jumped 11.22%, and Haichuan Securities climbed 9.27%. Baidu rose more than 4%, and Kingsoft Cloud and Suidi also gained over 4%.<\/p>\n
Defensive, financial, and energy stocks were also under pressure. Eli Lilly fell 0.88%, Johnson & Johnson declined 1.15%, AbbVie dropped 1.44%, and Merck slipped 1.32%. JPMorgan Chase fell 0.94% and Bank of America edged down 0.06%. ExxonMobil Holdings declined 1.69% and Chevron dropped 1.29%, while Visa and Mastercard fell 0.97% and 1.11%, respectively.<\/p>\n
Some industrial and technology names bucked the trend. Oracle rose 3.08%, Caterpillar gained 1.72%, and GE Aerospace advanced 1.09%. HSBC Holdings ADR also edged up 0.61%. Berkshire Hathaway Class A and Class B shares fell 0.48% and 0.41%, respectively, failing to escape the broader market weakness.<\/p>\n
The VIX volatility index rose 0.21 points (1.47%) to 14.53. While risk appetite has not been severely dented, caution appears to have ticked up alongside the decline in major indexes.<\/p>\n
International oil prices extended their gains as Middle East tensions spread to the Bab el-Mandeb Strait. On the New York Mercantile Exchange, October-delivery West Texas Intermediate (WTI) crude rose 0.2% to settle at $91.48 per barrel. WTI has now risen for five consecutive sessions since the 31st of last month. On the London ICE Futures Exchange, November-delivery Brent crude gained 0.8% to close at $96.28 per barrel.<\/p>\n
In summary, the New York stock market closed mixed on the day, as declines in mega-cap names such as Apple, Microsoft, and Tesla pressured the broader indexes despite strong gains in semiconductor and storage stocks. Market participants appeared to be navigating a dual dynamic: tracking the expansion of the AI infrastructure investment cycle from semiconductors into storage, while contending with rate concerns that weighed on growth stocks broadly.<\/p>\n","protected":false},"excerpt":{"rendered":"All three major New York stock indexes closed lower on the 4th (local time). The semiconductor sector showed…\n","protected":false},"author":2,"featured_media":144138,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[5813,3628,5454,3534,2068,2295,8909,9463,241,275,73146,2558,3246],"class_list":["post-144137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sk-hynix","tag-amd","tag-apple","tag-dow-jones","tag-micron-technology","tag-nasdaq","tag-nvidia","tag-philadelphia-semiconductor-index","tag-sandisk","tag-sk","tag-sk-hynix","tag-su0026p-500","tag-tesla","tag-tsmc"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/144137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=144137"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/144137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/144138"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=144137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=144137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=144137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}