CXMT Challenges MU, SNDK, Other AI Memory Stocks; Bank Stocks Retreat After Earnings

Existing home sales for September are up and beat Wall Street estimates, a sign of strength for a frozen housing market. Kevin Green notes the reprieve it offers for housing, though it's a small one when comparing the metric to historic standards. In the banking space, KG calls the earnings "mixed" across the industry and points to selling action taking command of Tuesday's trading session. China-based CXMT and its developments add pressure to tech and particularly memory stocks, from Samsung and SK Hynix (SKHY) in South Korea to Micron (MU) and SanDisk (SNDK) in the U.S.

Morning Trade Live

13 Oct 2026

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