U.S. stocks open mixed as memory names fall, Dow up 0.35%

U.S. stocks open mixed as memory names fall, Dow up 0.35%

N
News Editor
2026-10-16 13:31:47
U.S. stocks opened mixed on Oct. 16, according to market data cited by BIT on bit.com. The Dow Jones Industrial Average rose 0.35%, while the S&P 500 added 0.1%. The Nasdaq slipped 0.23%, leaving the three major indexes without a common direction at the open. Among individual names, Tesla (TSLA.O) gained 1.6% after the formal debut of the "flying" Roadster mentioned in the source report. Apple (AAPL.O) rose 1%, with the report noting that iPhone Duo sold out immediately after pre-orders began. Memory and storage-related stocks were broadly lower. The source said the storage segment had opened lower on each of the five trading days this week. Within the group, SK Hynix (SKHY.O) fell 3.8%, while SanDisk (SNDK.O) dropped 3.4%.

U.S. stocks opened mixed on Oct. 16, according to BIT market data on bit.com cited by BlockBeats. The Dow Jones Industrial Average rose 0.35%, the S&P 500 gained 0.1%, and the Nasdaq fell 0.23%.

Among individual stocks, Tesla (TSLA.O) climbed 1.6%, with the source report saying the "flying" Roadster had officially debuted. Apple (AAPL.O) added 1% after iPhone Duo sold out as soon as pre-orders opened.

Storage names were broadly lower. The report said the sector had opened lower on all five trading days this week. SK Hynix (SKHY.O) fell 3.8%, while SanDisk (SNDK.O) was down 3.4%.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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