U.S. Stock Market Close: Optics, Storage, and Semiconductor Stocks Surge, Neocloud Stocks Experience Widespread Decline; LITE Up Over 6%, IREN Down Over 6%

BlockBeats News, August 27th, according to BIT (bit.com) market data, the U.S. stock market closed on Wednesday, with the Dow Jones Industrial Average initially falling 0.2%, the S&P 500 Index down 0.02%, and the Nasdaq down 0.08%.

Most optoelectronic stocks rose, with Lumentum (LITE) up 6.04%, Ciena (CIEN) up 4.26%, Corning (GLW) up 3.81%, Astera Labs (ALAB) up 2.71%, and Coherent (COHR) up 2.09%.

The storage sector mostly strengthened, with Western Digital (WDC) up 4.02%, Seagate Technology (STX) up 3.01%, SanDisk (SNDK) up 1.26%, and Micron Technology (MU) up 0.58%.

Most semiconductor stocks rose, with Arm up 3.93%, Marvell Technology (MRVL) and Qualcomm (QCOM) both up 1.97%, Intel (INTC) up 0.87%; Nvidia (NVDA) down 1.59%.

The Neocloud sector saw across-the-board declines, with IREN down 6.23%, Nebius (NBIS) down 3.62%, Core Scientific (CORZ) down 3.38%, TeraWulf (WULF) down 2.14%.