US Stocks Close Higher with Semiconductor, Optical Communication, and Storage Stocks Surging Together; LITE Surges Over 11%, ARM Up Over 9%

BlockBeats News, July 10th, according to the market data from BIT (bit.com), the U.S. stock market closed on Thursday with the Dow rising 0.26%, the S&P 500 rising 0.8%, and the Nasdaq rising 1.3%.

Semiconductor stocks saw a general rise. Arm (ARM) rose 9.20%, Lam Research Corporation (LRCX) rose 6.01%, AMD (AMD) rose 5.67%, Marvell Technology (MRVL) rose 4.99%, Micron Technology (MU) rose 4.52%, KLA Corporation (KLAC) rose 3.76%, Broadcom (AVGO) rose 3.20%.

Optical communication-related stocks led the gains, with Lumentum (LITE) rising 11.13%, Nokia (NOK) rising 8.08%, Applied Optoelectronics (AAOI) rising 6.79%, Astera Labs (ALAB) rising 6.18%, Ciena (CIEN) rising 4.83%, Corning (GLW) rising 4.54%.

The storage sector also strengthened, with SanDisk (SNDK) rising 7.59%, Western Digital (WDC) rising 5.04%, Micron Technology (MU) rising 4.52%, Seagate Technology (STX) rising 3.50%.