The U.S. stock market continued to decline during intraday trading, with the Nasdaq falling over 1%. Hedge fund manager Huang Renxun's recommended stock, MRVL, saw its gains narrow to 4.6%.

BlockBeats News, June 4th, according to Bitget market data, the US stock market saw a continued decline during intraday trading, with the Nasdaq falling over 1%, the S&P 500 index dropping 0.7%, and the Dow Jones Industrial Average down by 0.9%. The semiconductor index opened with gains but has now narrowed to less than 0.8%. Ark Invest's Cathie Wood saw the gains of Marvell Technology Group (MRVL) shrink to 4.6%, while Nvidia (NVDA) fell over 3%.

Crypto-related stocks took a heavy hit:

MicroStrategy (MSTR) dropped 4.3%;

Coinbase (COIN) fell 5.2%;

Circle (CRCL) declined by 8.5%;

BitMine Immersion (BMNR) slid 5.9%.