Western Digital

Microsoft, Alphabet and Goldman Sachs are among seven additional issuers objecting to tokenized versions of their shares trading on OKXICE. The disclosed objection count has risen to 16, sharpening focus on issuer resistance under the SEC’s tokenized-stock framework.

U.S. stock indexes moved higher as traders continued to favor technology shares and shrugged off another jump in Treasury yields. The S&P 500 broke above nearby resistance, while the Nasdaq pushed past 31,000 and the Dow Jones rebounded from multi-week lows.

The S&P 500 retreated from its record as pressure in large technology names outweighed selective strength in memory stocks and Reddit’s index-inclusion surge. Softer retail sales, weaker consumer sentiment and worsening disruption near Hormuz left traders reassessing growth, inflation and rate expectations at the same time.

Sandisk and Western Digital fell sharply in pre-market trading even after strong quarterly results, as guidance failed to clear high investor expectations. The move is prompting crypto traders to ask whether cooling AI momentum, rising gold and bitcoin’s hold above $64,000 point to a broader shift in capital flows.