U.S. stocks closed mixed on Oct. 16, according to market data from BIT (bit.com). The Nasdaq fell 1.09%, while the S&P 500 slipped 0.11%. The Dow Jones Industrial Average moved in the opposite direction, rising 0.44%.
AI-related names were broadly lower. Among the decliners, COHR fell 5.89%, LITE dropped 4.06%, and AAOI lost 5.83%. Other stocks in the segment also posted notable losses, including SKHY, down 5.13%, STX, down 5.84%, WDC, down 4.84%, SNDK, down 4.29%, and MU, down 4%.
The move left major U.S. benchmarks diverging on the day while pressure across AI-linked shares intensified, based on the figures cited by BIT.
U.S. equities were mixed on Oct. 16, according to market data from BIT (bit.com). The Nasdaq fell 1.09%, the Dow Jones Industrial Average rose 0.44%, and the S&P 500 slipped 0.11%.
AI-related stocks posted broad declines
AI-linked names were broadly lower. COHR fell 5.89%, LITE dropped 4.06%, and AAOI lost 5.83%.
Other stocks in the group also moved down, with SKHY off 5.13%, STX down 5.84%, WDC falling 4.84%, SNDK losing 4.29%, and MU down 4%.
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