US storage sector posts a strong rebound, with Micron, SK Hynix and other related stocks surging over 10% each, while the Philadelphia Semiconductor Index notches its largest single-day gain in nearly a month.
2026.07.22 07:45:46
According to market data from BIT (bit.com), US stocks opened higher and rallied, with all three major indexes closing higher. The Nasdaq rose 1.29%, the S&P 500 gained 0.89%, and the Dow Jones rose 0.74%. The Philadelphia Semiconductor Index closed up 5.21%, notching its largest single-day gain since June 22. The storage sector saw a strong rebound: SanDisk jumped over 14%, SK Hynix rose more than 13%, Western Digital and Micron Technology each gained over 12%, Seagate Technology rose more than 11%, and Kioxia ADR surged over 17%. SpaceX rose more than 3%, ending its seven-day losing streak on the daily chart.
Hyperliquid conducted a 24-hour repurchase and burn of 32,800 HYPE tokens, with cumulative burns now accounting for 4.86% of the total supply.
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