US stocks open, storage sector leads the decline, crypto concept stocks fall broadly
TechFlow News, July 28, according to Bitget market data, as the US stock market opened, the three major indices showed divergent trends: the Dow Jones up 0.6%, the S&P 500 down 0.01%, and the Nasdaq down 0.4%. Storage concepts continued to face pressure, with Micron Technology (MU.O) falling over 6% and SanDisk (SNDK.O) falling over 8%.
The semiconductor and storage sectors fell broadly, including: Marvell Technology (MRVL.O) down 4.75%; NVIDIA (NVDA) down 0.92%; Intel (INTC) down 4.69%; AMD (AMD) down 4.66%; Broadcom (AVGO) down 1.27%; Qualcomm (QCOM) down 2.85%; Seagate Technology (STX) down 6.65%; Western Digital (WDC) down 6.83%; SanDisk (SNDK) down 8.87%; SK Hynix (SKHY.O) down 5.05%.
In addition, crypto-related concepts fell broadly, including: MicroStrategy (MSTR) down 2.42%; Coinbase (COIN) down 2.52%; Circle (CRCL) down 5.44%; BitMine Immersion (BMNR) down 4.44%; SharpLink Gaming (SBET) down 3.60%.
