Article is a market wrap highlighting chip-stock weakness and specifically mentions rumors tied to Apple’s chip sourcing; however it’s primarily a broader market/macro-driven move rather than a confirmed company-specific event.
Semiconductor stocks drag S&P 500, Nasdaq lower: AlphaCheck Grace O'Donnell · Editor, Special Projects Mon, August 24, 2026 at 3:57 PM GMT+2 1 min read ^GSPC ^IXIC SNDK AAPL MU Good morning. The Nasdaq and S&P 500 opened in the red as chip stocks came under pressure and investors awaited a new sanction campaign against Iran and a breakdown in US-Canada trade talks. Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data .
Tech ( XLK ) stocks led the S&P 500 ( ^GSPC ) lower, echoing declines in Asian markets overnight. Memory chip makers Sandisk ( SNDK ) and Micron ( MU ) saw sharp drops following rumors over the weekend that the Trump administration could allow Apple ( AAPL ) to source chips from China's CXMT. Consumer staples stocks ( XLP ) were the best performers in early trading.
Here are some notable stocks that Yahoo Finance readers are viewing this morning: SpaceX ( SPCX ), Sandisk ( SNDK ), Alibaba ( BABA ), Marvell ( MRVL ), SK Hynix ( SKHY ), Applied Optoelectronics ( AAOI ), and Lam Research ( LRCX ).
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