Memory chip stocks fell sharply, with SK hynix, Western Digital and Seagate each declining more than 5% and Micron shedding 3.7%, amid concerns over sector valuations following CXMT’s plans to launch a more powerful chip by end of 2026. Goldman Sachs rose 2.8% with quarterly revenue of $18.68 billion, exceeding estimates. JPMorgan Chase gained nearly 1% after raising its net interest income outlook, despite missing analyst expectations for third-quarter earnings and revenue. UnitedHealth jumped 2% with adjusted earnings of $4.69 per share on revenue of $112.69 billion, beating analyst forecasts.
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