US stocks finished lower on Monday, Sept. 28, according to market data from BIT (bit.com), with all three major indexes ending in the red. The Dow Jones Industrial Average fell 0.67%, the S&P 500 lost 0.77%, and the Nasdaq declined 0.92%. Semiconductor shares were mixed but mostly weaker, led by Arm (ARM), which dropped 8.70%, while Qualcomm (QCOM), Intel (INTC), Marvell Technology (MRVL), and AMD also posted losses. Nvidia (NVDA) was the exception, rising 1.68%.
Memory stocks also mostly moved lower, including SK Hynix (SKHY), Sandisk (SNDK), Micron Technology (MU), and Western Digital (WDC). Optical networking names fell across the board, with Credo (CRDO) down 8.67%, while Coherent (COHR), Applied Optoelectronics (AAOI), Marvell, and Astera Labs (ALAB) all closed lower. Neocloud-related stocks also retreated, including Applied Digital (APLD), Cipher Digital (CIFR), IREN, Core Scientific (CORZ), and Galaxy Digital (GLXY).
BlockBeats reported on Sept. 29, citing market data from BIT (bit.com), that all three major US stock indexes closed lower on Monday, Sept. 28. The Dow Jones Industrial Average fell 0.67%, the S&P 500 dropped 0.77%, and the Nasdaq lost 0.92%.
Semiconductor stocks mostly declined
Among semiconductor names, Arm (ARM) fell 8.70%, Qualcomm (QCOM) dropped 7.17%, Intel (INTC) lost 5.67%, Marvell Technology (MRVL) slipped 3.83%, and AMD fell 3.61%. Nvidia (NVDA) rose 1.68%.
Memory shares were mostly lower
In the memory segment, SK Hynix (SKHY) fell 5.03%, Sandisk (SNDK) dropped 3.65%, Micron Technology (MU) lost 2.62%, and Western Digital (WDC) edged down 0.78%.
Optical networking names fell across the board
Optical networking stocks all moved lower. Credo (CRDO) dropped 8.67%, Coherent (COHR) fell 4.52%, Applied Optoelectronics (AAOI) lost 4.52%, Marvell Technology (MRVL) declined 3.83%, and Astera Labs (ALAB) fell 3.65%.
Neocloud-related stocks also retreated
Neocloud names were broadly lower as well. Applied Digital (APLD) fell 6.55%, Cipher Digital (CIFR) dropped 5.58%, IREN lost 5.45%, Core Scientific (CORZ) fell 4.73%, and Galaxy Digital (GLXY) declined 4.25%.
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