U.S. stocks closed lower across the board, with SanDisk falling 7%.
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U.S. stocks closed lower across the board, with semiconductor, memory, and optical communication sectors leading the declines. The Philadelphia Semiconductor Index fell 4.65%.
According to BlockBeats, on July 8th, based on BIT (bit.com) market data, the US reinstated military strikes against Iran and oil sanctions. As a result, all three major US stock indices closed lower: the Dow Jones Industrial Average fell 0.25%, the Nasdaq Composite fell 1.16%, and the S&P 500 fell 0.45%. The semiconductor and memory sectors declined, with the Philadelphia Semiconductor Index falling 4.65%, and SpaceX falling nearly 7%, hitting a new low since its IPO. The memory sector saw the largest declines, with Western Digital (WDC) down 7.86%, Seagate Technology (STX) down 4.68%, Micron Technology (MU) down 4.71%, and SanDisk (SNDK) down 7.26%. Semiconductor stocks generally declined, with Lam Research (LRCX) down 6.87%, Applied Materials (AMAT) down 6.46%, Marvell Technology (MRVL) down 7.45%, KLA-Tec (KLAC) down 7.22%, AMD (AMD) down 6.51%, and Intel (INTC) down 9.66%. Optical communication concept stocks also faced pre-market pressure, with Astera Labs (ALAB) down 11.12%, Ciena (CIEN) down 3.44%, Coherent (COHR) down 6.43%, Lumentum (LITE) down 4.42%, and Corning (GLW) down 4.84%.
US stocks closed lower across the board for AI-related stocks, with Astera Labs falling more than 11.52%.
According to data from Odaily Odaily, at the close of trading on November 11, 2023, the Dow Jones Industrial Average fell 0.25%, the S&P 500 fell 0.45%, the Nasdaq Composite fell 1.16%, and the VIX volatility index rose 3.6%. AI concept stocks generally declined, with Astera Labs falling 11.52%, Ambarella falling 9.92%, Teradyne falling 9.59%, AeroVironment falling 8.09%, and Cognex falling 7.61%. MSX is a leading RWA trading platform that has listed hundreds of RWA tokens, including popular US stock and ETF tokens such as NVDA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
Bitcoin emerged as the "most resilient" asset tonight, while US chip stocks experienced a "stock market crash," and crypto stocks followed suit, with US stocks falling across the board.
According to BlockBeats data, on July 7th, US stocks opened lower and continued to decline on Tuesday. The Nasdaq 100 fell over 2%, the Philadelphia Semiconductor Index fell over 6%, SPCX fell 5.7%, MRVL fell 10.25%, Western Digital fell 11%, SanDisk fell 13.9%, Micron fell 8.8%, and Oracle fell 4%. Bitcoin only fell nearly 1% after the US stock market opened, a drop comparable to gold. However, US cryptocurrency stocks generally fell in tandem with the broader market, with SBET falling 5.2%, GEMI falling 6.12%, CRCL falling 5.35%, MSTR falling 3.3%, and COIN falling 4%.
All three major U.S. stock indexes closed lower, with HOOD falling more than 3.62%.
PANews reported on July 8th that, according to Bybit data, all three major U.S. stock indexes closed lower: the Dow Jones Industrial Average fell 0.40%, the Nasdaq Composite fell 1.80%, and the S&P 500 fell 0.60%. Cryptocurrency stocks generally declined, with COIN (Coinbase) falling 3.51% and HOOD (Robinhood) falling 3.62%.
US-listed chip, optical communication, and storage stocks rallied across the board, with CRDO rising over 11% and Western Digital gaining over 9%.
According to BlockBeats data, on July 6th, US chip stocks collectively rallied, with AMD (AMD) up 8.13%, Broadcom (AVGO) up 5.48%, Arm (ARM) up 5.39%, Qualcomm (QCOM) up 5.15%, TSMC (TSM) up 4.81%, Intel (INTC) up 3.79%, and Marvell Technology (MRVL) up 3.70%. Optical communication concept stocks led the gains, with Credo (CRDO) up 11.14%, Astera Labs (ALAB) up 10.08%, Ciena (CIEN) up 4.57%, Coherent (COHR) up 4.53%, Applied Optoelectronics (AAOI) up 4.19%, and Corning (GLW) up 3.90%. Storage stocks rose across the board, with Western Digital (WDC) up 9.11%, Seagate Technology (STX) up 5.90%, SanDisk (SNDK) up 2.41%, and Micron Technology (MU) up 1.72%.
Japanese and South Korean stocks closed lower, with South Korean stocks falling more than 5%.
According to Gate data, the Nikkei 225 Odaily closed down 1437.91 points, or 2.11%, at 66819.05 on Wednesday, July 8. The South Korean KOSPI index closed down 409.53 points, or 5.35%, at 7246.78 on Wednesday, July 8. The index briefly triggered a temporary trading halt during the session and has now fallen about 20% from its June high, approaching a technical bear market.