Nasdaq closes down 0.4%, chip stocks continue to pull back

Glonghui June 25｜The three major US stock indexes closed mixed, with the Nasdaq falling for the third consecutive trading day. At the close, the Dow Jones rose by 0.36%, the Nasdaq fell by 0.43%, and the S&P 500 Index fell by 0.09%. Chip stocks continued to pull back, with Western Digital and Seagate Technology dropping more than 4%, Qualcomm falling over 3%, SanDisk falling over 2%, ARM and NXP Semiconductors dropping over 1%, Micron Technology falling 0.37%, and Nvidia falling 0.56%. Hertz's stock price plunged 41%, marking its largest single-day drop since its US IPO.