S&P 500 and Nasdaq Plunge at Open, Chip, CPI Concept, and Crypto Concept Stocks All Hit Hard
BlockBeats News, June 5th, according to Bitget data, the US stock market opened with the Dow up 0.1%, the S&P 500 down 0.6%, and the Nasdaq down 1.2%.
Most chip stocks trended down, with Arm down over 5%, Micron Technology down over 4%, Marvell Technology Group (MRVL) down 6%, and Intel down over 5%.
As for the CPO concept stocks, NOK fell by 6.38% and LITE fell by 2.79%.
Regarding crypto concept stocks, MSTR fell by 4.65%, CRCL fell by 4.59%, and an exchange fell by 4.62%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Coherent (COHR.US) launches PhotonLink integrated optical platform targeting next-generation AI data centers
Coherent (COHR.US) announced the launch of its integrated photonics platform, PhotonLink, on Monday.
Goldman Sachs: 5% yield on US Treasury bonds is attractive, but going long on AI computing power is even better.
With long-term U.S. Treasury yields hovering around 5%, government bonds have become attractive again. However, according to a Goldman Sachs executive, AI infrastructure still offers better opportunities.
Crypto prices
More
