U.S. Stocks Open Lower, with Major Indexes Down: SanDisk Falls 5%, Micron Falls 4.6%

BlockBeats News, August 18th, U.S. stock market opening: the Dow Jones fell by 0.2%, the S&P 500 Index dropped by 0.5%, and the Nasdaq fell by 1.1%. The storage sector saw a widespread decline, with SanDisk (SNDK.O) falling by 5% and Micron Technology (MU.O) dropping by 4.6%.

Most tech giants saw a decline, with Meta Platforms (META.O) falling by 1.9% as the company faced a blockbuster lawsuit trial on Tuesday. Baidu (BIDU.O) plummeted by 9% after its earnings report.