U.S. stocks opened mixed on Oct. 16, according to market data from BIT (bit.com). The Dow Jones Industrial Average rose 0.35%, while the S&P 500 added 0.1%. The Nasdaq, however, slipped 0.23% at the open.
AI-related stocks came under pressure in early trading. SPCX fell 2.49%, ORCL lost 1.76%, and NVDA was down 0.46%. In the optical module segment, COHR dropped 2.47%, LITE fell 0.79%, AAOI declined 2.84%, NOK slipped 0.21%, and MRVL lost 2.29%.
Weakness also showed up in storage names. SKHY fell 4.23%, STX dropped 2.17%, WDC lost 3.07%, SNDK slid 3.02%, and MU was down 3.03%.
Crypto-related stocks moved lower as well. SBET fell 3.42%, BMNR dropped 2.83%, GEMI lost 2.68%, BLSH declined 0.96%, CRCL slipped 1.16%, MSTR fell 4.33%, COIN dropped 2.05%, and ASST lost 2.11%.
U.S. stocks opened mixed on Oct. 16, according to market data from BIT (bit.com). The Dow Jones Industrial Average rose 0.35%, the S&P 500 gained 0.1%, and the Nasdaq slipped 0.23%.
AI-related stocks opened under pressure
Among the names cited, SPCX fell 2.49%, ORCL dropped 1.76%, and NVDA was down 0.46%.
In optical module stocks, COHR lost 2.47%, LITE fell 0.79%, AAOI dropped 2.84%, NOK slipped 0.21%, and MRVL declined 2.29%.
Storage stocks were also broadly lower. SKHY fell 4.23%, STX dropped 2.17%, WDC lost 3.07%, SNDK declined 3.02%, and MU was down 3.03%.
Crypto-related stocks also moved lower
Crypto-linked names tracked the weakness. SBET fell 3.42%, BMNR dropped 2.83%, GEMI lost 2.68%, BLSH declined 0.96%, CRCL slipped 1.16%, MSTR fell 4.33%, COIN dropped 2.05%, and ASST lost 2.11%.
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