U.S. Stock Market Opens as Expected to Gain, Apple Falls Over 2%, Storage Stocks Surge

BlockBeats News, June 25th, at the opening of the U.S. stock market, the Dow rose 0.58%, the S&P 500 rose 0.79%, and the Nasdaq rose 0.97%.

On individual stocks, according to Bitget market data, IBM opened up 0.91% after the company announced on Thursday the launch of the world's first sub-1-nanometer chip technology. Micron Technology soared 17% after the company reported strong earnings that far exceeded expectations. Apple opened down 2.27% as the company raised prices on several products such as Macs and iPads due to a storage chip shortage. Dell opened down 8.12% after analysts pointed out that its key orders may be taken over by ODM suppliers. Qualcomm's stock price surged 11% at the opening, marking its largest gain since May 22nd, after the company raised its long-term revenue targets for data center and non-mobile businesses.

Storage stocks surged: SNDK rose 18.31%, WDC and STX both rose nearly 10%.

In the CPO concept sector, AAOI rose 1.98%, GLW rose 6.78%, LITE and COHR all rose by over 5%. MRVL rose 4.07%.