Nasdaq falls for a fourth day as a drop in Apple overshadows Micron's booming earnings: Live updates - CNBC
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- Nasdaq fell for a fourth consecutive day as a drop in Apple shares offset strong quarterly results from Micron, according to CNBC's live updates.
- Apple declined sharply enough to overshadow Micron's booming earnings, with Yahoo Finance framing the chipmaker's blowout as a competitive headache for the iPhone maker.
- U.S. stocks ended the day mixed, with Big Tech bearing the brunt of the selling pressure, per MarketWatch.
- Micron delivered blockbuster earnings that nonetheless failed to lift sentiment, as the broader market stumble dominated the session narrative.
Why it matters: Apple and other mega-cap tech names carry outsized weight in the Nasdaq, so weakness in a single stock can drag the index lower for multiple sessions — even when other tech companies report strong results. The Yahoo Finance angle that Micron's strength is bad news for Apple hints at a competitive chip/AI dynamic that pure market-move coverage misses.
