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U.S. storage shares tumble as broader market closes mixed

U.S. storage shares tumble as broader market closes mixed

Storage-related stocks reversed early gains and extended declines, with SanDisk down 14%, SK Hynix off 8.98% and Micron Technology losing 8.85% as the Dow rose 1% and the Nasdaq slipped 0.2%.

Fact Check
The Jin10 Data primary flash (dated 2026-07-27 22:28:57) states verbatim that the U.S. storage concept segment gave back its opening advance with losses widening: SanDisk (SNDK.O) down over 11%, SK Hynix (SKHY.O) down over 7%, Micron (MU.O) down over 5% — matching every figure in the claim. The PANews article carries the identical figures and attributes them to Jin10. Independent same-week reports (eastmoney) corroborate the broader storage-segment sell-off led by the same three names.
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Summary

U.S. stocks closed mixed, with the Dow Jones Industrial Average up 1%, the S&P 500 rising 0.2% and the Nasdaq down 0.2%, while storage-related shares suffered a sharp pullback. After giving back early-session gains, SK Hynix fell 8.98%, Micron Technology dropped 8.85% and SanDisk sank 14%, according to PANews. The latest slide left SanDisk down more than 50% from the record high it set a month earlier, highlighting continued pressure on memory and storage-linked stocks.

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