U.S. Stock Market Open: Three Major Indexes Mixed, Cryptocurrency Stocks Down, Semiconductor and Storage Sectors Volatile

BlockBeats News, May 28th, according to Bitget market data, the US stock market opened with mixed results. The Dow Jones Industrial Average fell by 0.06%, the S&P 500 Index dropped by 0.47%, and the Nasdaq rose by 0.04%. HP Inc. (HPQ.N) surged over 3% as its second-quarter earnings exceeded expectations. Bank of America Global Research raised HP's target price from $16 to $18. Additionally, several investment banks have intensively raised their price targets for tech stocks, with Mizuho being very bullish on the semiconductor sector.

US stock market cryptocurrency-related stocks experienced a general decline, including:

MicroStrategy (MSTR) plummeted by 5.77%;

Coinbase (COIN) dropped by 1.87%;

Circle (CRCL) fell by 3.2%;

BitMine Immersion (BMNR) declined by 4.5%.

The US stock market's semiconductor and storage sector saw mixed performance, with:

NVIDIA (NVDA) down by 0.07%;

Intel (INTC) up by 0.34%;

AMD (AMD) up by 1.52%;

Broadcom (AVGO) down by 1.1%;

Qualcomm (QCOM) down by 0.8%;

Seagate Technology (STX) up by 1.61%;