U.S. Stock Indexes Close Lower on Tuesday, Storage Chip Stocks Lead Decline

SPX500-0.52%

According to Jin10, three major U.S. indexes closed lower on Tuesday, with the Dow down 0.25%, S&P 500 down 0.45%, and Nasdaq down 1.16%.

Storage chip stocks continued their decline, with SanDisk down 7%, Western Digital down nearly 8%, and Micron Technology down 4.7%. SpaceX fell nearly 7%, and iQiyi dropped nearly 7%.

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