U.S. stocks closed with a decline in previously strong performers, while MSTR temporarily stabilized
BlockBeats News, June 27, US stocks closed with the Dow Jones down 0.12%, the S&P 500 Index down 0.07%, and the Nasdaq down 0.24%.
Recently strong semiconductor and memory concept stocks pulled back, with Western Digital down 13%, Seagate Technology down 12%, SanDisk down 10%, Micron Technology down 6.6%, and Qualcomm down 7%.
Among highly watched stocks, both SPCX and MSTR temporarily stabilized, with the former rising 0.15% and the latter falling 3.54%, but Strategy preferred stock STRC opened lower and moved higher, rebounding to $74.57.
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