BlockBeats News, August 7th, according to BIT (bit.com) market data, the three major U.S. stock indexes collectively closed lower. The Dow fell by 0.85%, the S&P 500 fell by 0.18%, and the Nasdaq fell by 0.06%. Microsoft rose by over 2%, reaching a new high since November last year. Geopolitical risks reemerged, with oil prices surging by over 3%. Inflation pressure resurfaced, putting pressure on the U.S. stock market. The market's focus is now on Friday's upcoming non-farm payroll report.

After SanDisk and Western Digital announced financial results that exceeded expectations yesterday, their stocks continued to plummet. The storage sector simultaneously declined, with the Roundhill Storage ETF dropping by over 4%. Western Digital fell by over 13%, Kioxia ADR and SanDisk fell by over 6%, SK Hynix fell by around 5%, and Micron Technology fell by over 1%.

U.S. stocks in the AI application software sector experienced a steep decline. Datadog and Applovin plunged by over 19%, EPAM Systems dropped by over 15%, and Axon Enterprise fell by over 14%.