U.S. Stocks Open Lower; Sandisk Shares Rocket 21% as FQ2 Results Crush Expectations, Guidance Stuns

Tiger Newspress

01/30

US stocks headed lower on Friday as technology shares continued to be in a funk, even as investors largely approved of President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve. The S&P 500 looked to squeak out a January gain, despite Friday's losses.

The S&P 500 fell 0.2%, while the Nasdaq Composite shed 0.4%. The Dow Jones Industrial Average pulled back 125 points, or 0.3%.

Sandisk shares surged more than 20% on Friday after the storage solutions provider reported earnings for its fiscal second quarter that crushed analyst expectations and issued third-quarter guidance that stunned Wall Street.

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