US Stocks Open, Storage Sector Declines Broadly
TechFlow news, August 18, according to Bitget market data, at the US market open, the Dow fell 0.2%, the S&P 500 Index fell 0.5%, and the Nasdaq fell 1.1%. The storage sector fell broadly, SanDisk (SNDK.O) fell 5%, Micron Technology (MU.O) fell 4.6%. Most star tech stocks slipped, Meta Platforms (META.O) fell 1.9%, the company faces trial for a massive compensation lawsuit on Tuesday. Baidu (BIDU.O) fell 9% after earnings, Pony.ai (PONY.O) fell 7%, iQiyi (IQ.O) fell 3.7%.
The semiconductor and storage sector fell broadly, including: Marvell Technology (MRVL.O) fell 5.87%; NVIDIA (NVDA) fell 2.01%; Intel (INTC) fell 5.47%; Advanced Micro Devices (AMD) fell 3.59%; Broadcom (AVGO) fell 2.02%; Qualcomm (QCOM) fell 1.62%; Seagate Technology (STX) fell 5.03%; Western Digital (WDC) fell 5.33%; SanDisk (SNDK) fell 5.85%; SK Hynix (SKHY.O) fell 5.76%.
In addition, crypto concept stocks fell broadly, including: MicroStrategy (MSTR) fell 1.93%; Coinbase (COIN) fell 1.51%; Circle (CRCL) fell 2.73%; BitMine Immersion (BMNR) fell 2.46%; SharpLink Gaming (SBET) fell 2.92%.
