US memory stocks extend slide as Nasdaq drops 3%

According to MSX.COM data, the Nasdaq's decline has widened to 3%, with the US memory sector extending its selloff. SanDisk's losses have widened to 11.00%, Western Digital is down 9.44%, Seagate Technology is down 9.99%, SK Hynix is down 7.93%, and Micron Technology is down 7.03%. Major memory sector stocks are all down close to or more than 7%.