U.S. Major Indices Decline, Nasdaq Drops Over 1.3%, SanDisk Slides 12%

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On-chain data shows that U.S. major indices declined on July 14, 2026, with the Nasdaq falling more than 1.3%. Tech stocks led the drop, as SanDisk dropped 12.28%, Western Digital and Seagate each fell over 6%, and Micron declined 5.53%. On-chain analysis reveals significant selling pressure in the memory and AI-linked sectors. Trump announced renewed sanctions on Iran and a 20% cargo fee. Fed Governor Waller warned that persistently high inflation could prompt a reassessment of recent rate hikes, citing tariffs, energy prices, and demand driven by AI.

ChainThink reports that on July 14, according to Bit.com market data, U.S. stock markets continued to decline, with all three major indices falling, and the Nasdaq briefly dropping more than 1.3%, led by technology stocks.

Individually, SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped over 6%, Micron fell 5.53%, SK Hynix declined 7.6%, Intel dropped more than 6%, and SpaceX fell 4.36%.

On the news front, Trump stated that he is immediately reinstating sanctions on Iran and imposing a 20% fee on cargo shipments. Federal Reserve Governor Waller said that if this week’s core inflation data remains elevated, the Fed will need to consider raising rates soon.

Rising core inflation recently has raised concerns, with tariffs, higher energy prices, and demand for AI investments being the main contributing factors.

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