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SanDisk, Western Digital Earnings Miss Spark Pre-Market Selloff in Storage Stocks; Dow Futures Firm, Nasdaq Futures Lag
2026-08-06 22:44:04
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On Aug 6, U.S. stock index futures were mixed before the open: Dow futures stayed firm while Nasdaq futures fell over 0.5%. SanDisk and Western Digital beat quarterly estimates but their guidance fell short of Wall Street's sky-high AI-fueled expectations, triggering a broad selloff in storage chip stocks. AppLovin plunged over 18% pre-market, while Occidental Petroleum hit a four-year profit high on oil gains. This article decodes the underlying logic of intensifying market divergence in the se
