Tech Selloff Intensifies on Wall Street; Micron Drops Nearly 5%, Nasdaq ETFs See Heavy Trading Volumes
Key Highlights:
- Micron (MU) was the most active stock by dollar volume, falling 4.7% to $891.88.
- QQQ declined 2.0%, while SPY fell 1.6%, reflecting broad weakness across major US indices.
- Leveraged ETFs dominated volume activity, with SOXS gaining as traders increased bearish bets on semiconductor stocks.
- Small-cap bearish ETF TZA also witnessed heavy trading and ended higher.
- Among individual movers, CPOP, DSY, and VLN were the top percentage gainers, while MLACU, BNCWZ, and SMCX led the declines.
- Trading activity suggests continued risk-off sentiment and pressure on technology stocks ahead of the next market session.
