Nasdaq Falls 0.46% for Fourth Straight Day as Apple Plunges 6%, Micron Surges 16% on Strong Earnings

U.S. stock markets showed mixed performance on Thursday, June 25. The Nasdaq fell 0.46% to 25,358.60, marking its fourth consecutive decline, while the Dow Jones Industrial Average rose 71.72 points, or 0.14%, to 51,920.62. The S&P 500 was essentially flat, down 0.01% to 7,357.49.

Micron Technology surged approximately 16% to $1,213.54 per share after reporting earnings and guidance that exceeded expectations, with management citing strong artificial intelligence memory demand backed by long-term customer agreements. Apple fell over 6% to $275.15 following announcements of price increases for MacBook, iPad, and HomePod due to soaring semiconductor costs. Meanwhile, Iran-backed forces attacked a Singapore-flagged cargo vessel in the Strait of Hormuz on June 25 with an unidentified projectile, according to the UK Maritime Trade Operations Office and Wall Street Journal reporting.