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Nasdaq Falls 1.40% on New York Stock Exchange... Meta Plunges 6.79%, AMD, Intel, and SpaceX Also Decline Together

On the afternoon of Korean time, major technology stocks are falling across the board on the New York Stock Exchange. While Meta plunged more than 6%, AMD, Intel, and SpaceX are also showing significant weakness. Apple, on the other hand, rose slightly, showing a contrasting trend. ■ Meta Plunges 6

Wooil Shim
Staff Reporter
5 min read
Nasdaq Falls 1.40% on New York Stock Exchange... Meta Plunges 6.79%, AMD, Intel, and SpaceX Also Decline Together
CBC News

On the afternoon of Korean time, major technology stocks are falling across the board on the New York Stock Exchange. While Meta plunged more than 6%, AMD, Intel, and SpaceX are also showing significant weakness. Apple, on the other hand, rose slightly, showing a contrasting trend.

■ Meta Plunges 6.79%... Largest Decline Among Major Tech Stocks

On the New York Stock Exchange on the 22nd, Meta fell to $650.13, down $47.39 (6.79%) from the previous trading day. Trading volume was 8,159,443 shares, with a trading value of $5.422 billion recorded. It had a relatively large decline among major technology stocks.

■ Semiconductor Stocks Decline Together... Intel and AMD Fall More Than 4%

Declines continued in the semiconductor sector as well. AMD fell 4.90% to $525.65, while Intel dropped 5.28% to $88.05. Nvidia declined 1.79% to $217.99, and Micron Technology fell 1.91% to $896.21.

Although semiconductor-related stocks showed weakness across the board, there were differences in the scale of the declines. While Intel and AMD fell more than 4%, Nvidia and Micron declined less than 2%.

■ SpaceX, Tesla, and Amazon Also Fall... Weakness Spreads to Hardware

SpaceX fell to $153.08, down $6.23 (3.91%) from the previous trading day. Trading volume was 35,367,064 shares, with a trading value of $5.478 billion recorded. Tesla dropped 1.81% to $379.47, and Amazon.com fell 2.83% to $254.94, as the downward trend spread across large-cap tech stocks in general. Computer hardware company SanDisk also fell 3.82% to $1,325.58. Weakness was confirmed not only in semiconductors but also in related hardware stocks.

■ Apple Alone Rises... Nasdaq Falls 1.40%, S&P 500 Down 0.78%

In contrast, Apple rose to $345.26, up $1.27 (0.37%) from the previous trading day. While most major tech stocks declined, Apple alone maintained an upward trend.

By index, the Nasdaq Composite fell 1.40% to 26,329.48, while the S&P 500 dropped 0.78% and the Dow Jones Industrial Average declined 0.26%.

As U.S. technology stocks show broad weakness, differences are also appearing in the scale of declines and trading volumes by stock. However, it remains to be separately confirmed whether individual companies' earnings or specific geopolitical events had any impact on this decline.

[This article is intended to provide information for investment reference purposes and does not recommend the purchase or sale of any specific stock. Figures may vary depending on market conditions. Investment decisions and the responsibility for them rest with the investor. AI provided partial assistance.]

Wooil Shim
Staff Reporter

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