The three major US stock indices opened lower, while cryptocurrency concept stocks rose.
TechFlow reports, on August 20, according to Bitget market data, US markets opened with the Dow Jones down 0.6%, the S&P 500 index down 0.3%, and the Nasdaq down 0.5%. Micron Technology (MU.O) rose 0.4% as the company ramps up US memory R&D, planning a $10 billion investment over ten years. SK Hynix (SKHY.O) rose 4% after a preliminary wage agreement was reached between management and labor.
The semiconductor and storage sectors showed mixed performance, with: Marvell Technology (MRVL.O) up 1.04%; Nvidia (NVDA) down 0.06%; Intel (INTC) down 1.89%; AMD up 0.08%; Broadcom (AVGO) up 0.75%; Qualcomm (QCOM) up 0.99%; Seagate Technology (STX) down 0.07%; Western Digital (WDC) up 0.41%; SanDisk (SNDK) up 0.59%; SK Hynix (SKHY.O) up 3.94%.
Additionally, crypto-related stocks broadly gained, with: Strategy (MSTR) up 6.35%; Coinbase (COIN) up 6.82%; Circle (CRCL) up 5.08%; BitMine Immersion (BMNR) up 5.56%; SharpLink Gaming (SBET) up 6.44%.
