Nasdaq Sinks as Sandisk Sell-Off Continues: Stock Market Today

The Nasdaq took another dive today, largely due to the ongoing sell-off in Sandisk's stock, which has been dragging down chip sector performance. Meanwhile, the Dow Jones Industrial Average managed to reach new highs heading into the holiday weekend, showing resilience in other parts of the market. This divergence highlights ongoing concerns about the tech sector's health, particularly in semiconductor companies, as it could affect broader market sentiment and investor strategies. The sustained weakness in Sandisk could signal deeper issues in the industry, making it a focal point for market watchers.