U.S. Stocks Close Lower as SanDisk Falls 22.69% and AMD Drops 17.92%

U.S. stocks ended the session lower across all three major indexes, while chipmakers and crypto-linked shares posted some of the steepest declines among the stocks highlighted in the market move.

The Dow fell 3.78% on the day. The Nasdaq Composite dropped 6.83%, the largest decline among the three indexes, and the S&P 500 lost 4.65%.

SanDisk (SNDK) led the listed stock declines, falling 22.69%. AMD slid 17.92%, and Micron (MU) lost 17.15%. The losses put all three named chip stocks lower by more than 17% in the session.

Crypto-linked shares also fell. MARA was down 13.35%, SKHY declined 13.30% and BitMine (BMNR) dropped 11.43%. Each of the six named stocks finished lower, with losses ranging from 11.43% to 22.69%.

The market move included losses across the major U.S. indexes, chip-related names and crypto-linked stocks. The Nasdaq's 6.83% drop was sharper than declines in both the Dow and the S&P 500.