U.S. equities finished lower on Monday, according to market data from BIT (bit.com), with all three major indexes ending in the red. The Dow Jones Industrial Average fell 0.29%, the S&P 500 lost 0.48%, and the Nasdaq dropped 0.56%.
Losses were broad across several technology-linked groups highlighted in the data. Optical networking names led the declines, with Corning (GLW) down 13.74% and Nokia (NOK) off 13.25%. Coherent (COHR), Astera Labs (ALAB), Lumentum (LITE), Applied Optoelectronics (AAOI), and Ciena (CIEN) also posted steep losses.
Semiconductor stocks moved lower as well. Arm (ARM) fell 9.74%, while Lam Research (LRCX), Marvell Technology (MRVL), ASML (ASML), Applied Materials (AMAT), KLA (KLAC), Intel (INTC), and Nvidia (NVDA) all declined.
Storage shares were also down across the board, including SK Hynix (SKHY), Micron Technology (MU), Sandisk (SNDK), Western Digital (WDC), and Seagate Technology (STX). In the Neocloud segment, TeraWulf (WULF), Hut 8 (HUT), Cipher Digital (CIFR), Applied Digital (APLD), CoreWeave (CRWV), and Nebius (NBIS) all closed lower.
U.S. stocks closed lower on Monday, according to market data from BIT (bit.com). The Dow Jones Industrial Average slipped 0.29%, the S&P 500 fell 0.48%, and the Nasdaq lost 0.56%.
Optical networking stocks led the decline
Among optical networking names, Corning (GLW) fell 13.74%, Nokia (NOK) dropped 13.25%, Coherent (COHR) lost 12.73%, Astera Labs (ALAB) slid 11.74%, Lumentum (LITE) was down 9.92%, Applied Optoelectronics (AAOI) fell 9.11%, and Ciena (CIEN) declined 8.57%.
Semiconductor names moved lower across the board
Chip stocks also posted broad losses. Arm (ARM) fell 9.74%, Lam Research (LRCX) dropped 8.29%, Marvell Technology (MRVL) lost 7.32%, ASML (ASML) declined 7.25%, Applied Materials (AMAT) fell 7.07%, KLA (KLAC) was down 6.39%, Intel (INTC) lost 5.59%, and Nvidia (NVDA) slipped 3.36%.
Storage and Neocloud shares also weakened
Storage stocks were broadly lower, with SK Hynix (SKHY) down 7.60%, Micron Technology (MU) off 5.25%, Sandisk (SNDK) falling 4.98%, Western Digital (WDC) down 4.53%, and Seagate Technology (STX) lower by 2.97%.
The Neocloud segment also ended lower. TeraWulf (WULF) fell 7.59%, Hut 8 (HUT) lost 7.58%, Cipher Digital (CIFR) dropped 7.21%, Applied Digital (APLD) declined 6.96%, CoreWeave (CRWV) fell 6.75%, and Nebius (NBIS) was down 5.50%.
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