Fed rate hike expectations rise, U.S. stocks open lower
TechFlow reports that on September 10, according to Bitget market data, US stocks opened lower with the Dow Jones down 0.17%, the S&P 500 index down 0.53%, and the Nasdaq down 0.93%. Chip stocks collectively weakened, with SK Hynix (SKHY.O) down 4.1%, Intel (INTC.O) down 3%, SanDisk (SNDK.O) down 3.2%, and TSMC (TSM.N) down 1.7% after earnings.
The semiconductor and storage sectors mostly declined, including: Marvell Technology (MRVL.O) down 2.61%; NVIDIA (NVDA) down 1.22%; Intel (INTC) down 3.23%; Advanced Micro Devices (AMD) down 2.17%; Broadcom (AVGO) down 1.26%; Qualcomm (QCOM) down 2.49%; Seagate Technology (STX) down 2.95%; Western Digital (WDC) down 4.00%; SanDisk (SNDK) down 3.21%; and SK Hynix (SKHY.O) down 4.1%.
Additionally, crypto concept stocks mostly declined, including: Strategy (MSTR) down 3.22%; Coinbase (COIN) down 1.76%; Circle (CRCL) down 3.28%; BitMine Immersion (BMNR) down 2.83%; and SharpLink Gaming (SBET) down 1.99%.
