Nasdaq Falls Back-to-Back as Micron Slides
SkimNews Take
The tech sector's vulnerability to individual component manufacturer performance suggests a concentrated risk within its broader market capitalization.
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- Nasdaq posted back-to-back losses as Micron's decline weighed down the tech sector.
- S&P 500 fell as chip stocks slid, Treasury yields climbed, and inflation fears rose.
Why it matters: Tech investors lose ground as Nasdaq and S&P 500 slide, and Micron's weakness drags the sector, squeezing chip makers' valuations and hurting fund performance across the market.
