U.S. Stocks Fall on July 14, Nasdaq Down 1.3%, SanDisk Plunges 12.28% Amid Trump Iran Sanctions

According to Bit.com data, U.S. stock markets declined broadly on July 14, with the Nasdaq falling over 1.3% and technology shares leading losses. SanDisk dropped 12.28%, while Western Digital and Seagate fell over 6% each. Micron declined 5.53%, SK Hynix fell 7.6%, Intel dropped over 6%, and SpaceX fell 4.36%.

The selloff followed announcements from former President Trump, who said he would immediately restore a blockade on Iran and impose a 20% fee on cargo shipments. Federal Reserve Governor Christopher Waller indicated the Fed may consider raising interest rates if core inflation data released this week remains elevated, citing tariffs, rising energy prices, and artificial intelligence investment demand as key inflationary drivers.