The Nasdaq Composite slipped 0.46% for a fourth consecutive decline, while the Dow edged up 0.14% to 51920.62 and the S&P 500 edged down 0.01% to 7357.49, with 1522 advancing issues versus 1199 declines on the NYSE.

Micron Technology surged 16% after reporting revenue that quadrupled in the second quarter, forecasting current-quarter sales above expectations despite anticipating a chip shortage extending beyond 2027. The company disclosed 16 long-term supply agreements, lifting its shares amid broader tech weakness.

Apple slumped 6.1% as soaring memory and storage costs forced price increases on Macs and iPads, dragging the broader tech sector. The S&P 500 dipped slightly to 7357.49, while the Dow rose 71.72 points to 51920.62, reflecting cautious investor sentiment amid mixed earnings and macro pressures.

Crude oil futures rose 2.2% to $71.92 a barrel after reports of an Iranian attack on a cargo ship in the Strait of Hormuz raised concerns about shipping stability, contributing to a 4.1% year-over-year increase in the Fed’s preferred inflation gauge for May.