S&P 500 and Nasdaq Plunge at Open, Chip, CPI Concept, and Crypto Concept Stocks All Hit Hard

BlockBeats News, June 5th, according to Bitget data, the US stock market opened with the Dow up 0.1%, the S&P 500 down 0.6%, and the Nasdaq down 1.2%.

Most chip stocks trended down, with Arm down over 5%, Micron Technology down over 4%, Marvell Technology Group (MRVL) down 6%, and Intel down over 5%.

As for the CPO concept stocks, NOK fell by 6.38% and LITE fell by 2.79%.

Regarding crypto concept stocks, MSTR fell by 4.65%, CRCL fell by 4.59%, and COIN fell by 4.62%.