Mixed US Stock Performance as Tech Stocks Weigh Down Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
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Source: NASDAQ.COM
- Tech Stock Weakness: The US stock market is mixed as the performance of the 'Magnificent Seven' tech stocks weighs down overall market sentiment, with Apple (AAPL) leading losses by dropping over 4% due to price hikes on Macs and iPads to offset rising costs from memory chip shortages, potentially impacting its market share and consumer demand.
- Strong Economic Data: Recent US economic indicators show Q1 GDP revised up to 2.1%, surpassing expectations of 1.6%, while weekly initial jobless claims fell to 215,000, indicating a resilient labor market that may influence the Federal Reserve's monetary policy decisions moving forward.
- Declining Oil Prices: WTI crude oil prices fell over 1% to a four-month low, with Saudi Arabian ships heading to the key Ras Tanura terminal, signaling a potential restart of exports from the Persian Gulf, which could affect global oil prices and profitability in related sectors.
- Chipmakers Surge: Micron Technology (MU) forecasts Q4 revenue of $50 billion, significantly above the consensus of $43.24 billion, leading to a stock price increase of over 9%, reflecting strong demand in the artificial intelligence sector that may further boost the stock prices of related tech companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
