Three major US stock indices opened higher, storage sector continued to rebound, Amazon surged 11%
TechFlow news, July 31: According to Bitget market data, US stocks opened with the three major indices opening higher; the Dow Jones rose 0.5%, the S&P 500 rose 0.5%, and the Nasdaq rose 0.8%. Apple (AAPL.O) fell 8%, with Q4 revenue guidance missing expectations. Amazon (AMZN.O) rose over 11%, with Q2 cloud business growth hitting a four-year high. The storage sector continued to rebound, with SK Hynix (SKHY.O) rising about 7% and SanDisk (SNDK.O) rising about 9%.
Semiconductor and storage sectors rose broadly, among them: Marvell Technology (MRVL.O) rose 6.82%; NVIDIA (NVDA) rose 1.45%; Intel (INTC) rose 4.88%; Advanced Micro Devices (AMD) rose 4.82%; Broadcom (AVGO) rose 1.50%; Qualcomm (QCOM) rose 0.33%; Seagate Technology (STX) rose 5.60%; Western Digital (WDC) rose 7.37%; SanDisk (SNDK) rose 9.11%; SK Hynix (SKHY.O) rose 7.11%.
In addition, most crypto-related concept stocks fell, among them: Strategy (MSTR) fell 3.36%; Coinbase (COIN) fell 7.98%; Circle (CRCL) fell 3.46%; BitMine Immersion (BMNR) fell 2.32%; SharpLink Gaming (SBET) fell 1.01%.
