U.S. stocks opened lower on July 29 and extended their early declines, according to market data from BIT (bit.com). The Dow Jones Industrial Average widened its loss to 1%, while the S&P 500 fell 0.3% and the Nasdaq dropped 0.48%. The Philadelphia Semiconductor Index also stayed under pressure, falling about 2% and marking its fifth straight trading day of declines.
The weakness spread across the AI stock segment again. SanDisk at one point fell more than 7%, making it one of the sharpest decliners in the group. Other names cited in the market update also moved lower, including AAOI, which fell more than 6%, and LITE, down more than 4%. Micron slipped 3%, while U.S.-listed SK Hynix shares were down 0.3%. The move reflected a broad risk-off tone in tech and semiconductor names shortly after the opening bell.
U.S. stocks opened lower on July 29 and moved down further after the opening bell, according to market data from BIT (bit.com). The Dow Jones Industrial Average widened its decline to 1%, the S&P 500 was down 0.3%, and the Nasdaq fell 0.48%.
The Philadelphia Semiconductor Index dropped about 2%, extending its losing streak to a fifth straight session. AI-related stocks also turned broadly lower again. SanDisk at one point fell more than 7%, while former high-flyer AAOI was down more than 6%, LITE fell more than 4%, Micron lost 3%, and U.S.-listed SK Hynix shares were down 0.3%.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
