US equities closed higher on Aug. 14, with the S&P 500 finishing at a fresh record, according to BIT (Bit.com) market data cited by BlockBeats. The Dow Jones Industrial Average gained 0.13% to 53,839.99. The S&P 500 advanced 0.65% to 7,798.99, another record closing high. The Nasdaq Composite rose 0.81% to 26,803.03.
Crypto-related stocks were broadly firmer. Bullish jumped 11.57%, Circle gained 5.75%, Coinbase added 3.26%, Strategy rose 2.39%, BMNR advanced 2.24%, and GEMI increased 3.12%. Optical module names diverged: Coherent fell 7.99%, Lumentum dropped 5.58%, and Applied Optoelectronics lost 5.79%.
Storage stocks extended their rebound. SanDisk surged 13.67% after its CFO said the company expects $93.9 billion in total contract value from eight customers, sees non-GAAP gross margin of about 80% between fiscal 2028 and fiscal 2030, and plans to return all excess cash to shareholders. Western Digital rose 7.31%, Seagate added 4.91%, and Micron gained 4.23%.
Record close for S&P 500
US stocks finished higher on Aug. 14, according to market data from BIT (Bit.com) cited by BlockBeats. The Dow Jones Industrial Average rose 0.13% to 53,839.99. The S&P 500 climbed 0.65% to 7,798.99, setting a fresh record closing high. The Nasdaq Composite advanced 0.81% to 26,803.03.
Crypto stocks broadly higher, optical names mixed
Crypto-linked equities advanced across the board. BMNR gained 2.24%, GEMI rose 3.12%, Bullish jumped 11.57%, Circle advanced 5.75%, Strategy added 2.39%, and Coinbase gained 3.26%.
Optical module stocks were mixed. Coherent fell 7.99%, Lumentum slipped 5.58%, and Applied Optoelectronics dropped 5.79%.
SanDisk CFO outlook lifts storage names
Storage names kept their rebound going. SanDisk's CFO said the company expects total contract value of $93.9 billion from eight customers over the contract period, projects non-GAAP gross margin of roughly 80% for fiscal 2028 through fiscal 2030, and plans to return all excess cash to shareholders. The comments helped SanDisk jump 13.67%.
Western Digital rose 7.31%, Seagate Technology gained 4.91%, and Micron Technology advanced 4.23%.
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