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Stocks Close: Dow Drops 270 Points, SOX Bucks Trend to Gain 1.64%; Memory and Optical Communication Stocks Lead Gains; Micron Rises 4% to Retake $1,000 Mark","url":"https://stock-news.laohu8.com/highlight/detail?id=2660432570","media":"TradingKey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2660432570?lang=en_us&edition=fundamental","pubTime":"2026-08-18 04:12","pubTimestamp":1786997564,"startTime":"0","endTime":"0","summary":"The US-Iran ceasefire agreement expired on Monday as negotiations reached a deadlock, while the 30-year US Treasury yield hit a new high since 2007, both of which weighed on US equities. All three major indexes fell, while AI hardware stocks bucked the trend to strengthen, with memory and optical communication stocks leading the gains. At the close, the Dow Jones Industrial Average dropped 0.51% to 53,459.78; the Nasdaq Composite Index fell 0.32% to 26,644.91; and the S&P 500 Index lost 0.52% to 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Technology Holdings PLC Stock (STX) Moved Up by 3.87% on Aug 17: Facts Behind the Movement","url":"https://stock-news.laohu8.com/highlight/detail?id=2660436023","media":"TradingKey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2660436023?lang=en_us&edition=fundamental","pubTime":"2026-08-17 23:15","pubTimestamp":1786979721,"startTime":"0","endTime":"0","summary":"• Seagate's stock rose due to AI sector enthusiasm and cloud storage demand.\n• High-capacity hard drives support AI workloads, improving gross margins and cash flow.\n• Analysts maintain bullish ratings with strong pricing power and tight supply 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Flash memory manufacturer Sandisk rose 4.9% and storage providers Seagate and Western Digital added 2.6% and 3.7%, respectively.Chip makers Advanced Micro Devices, Intel, and Marvell, glassmaker Corning, and optical infrastructure providers Coherent and Lumentum were among the other AI stocks rising in premarket trading.Software stocks were falling, as they often do when the market is buying up chips and memory. 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