Rising expectations of a Fed rate hike weigh on U.S. stocks, with optical module, storage, and crypto-related concept sectors broadly declining.

BlockBeats news, September 10th, according to BIT (Bit.com) market data, following the release of PPI data, expectations for a Federal Reserve rate hike intensified, and the three major U.S. stock indices collectively fell during intraday trading. The Dow Jones Industrial Average dropped 0.44% for the day, the Nasdaq fell 1.26%, and the S&P 500 index declined 0.64%. Optical module, storage, and crypto-related stocks broadly declined, including:

Applied Optoelectronics (AAOI) fell 3.66%

Lumentum (LITE) fell 3.26%

Coherent (COHR) fell 3.19%

Marvell Technology (MRVL) fell 2.51%

Nokia (NOK) fell 2.83%

Micron Technology (MU) fell 4.32%

SanDisk (SNDK) fell 4.07%

Western Digital (WDC) fell 5.15%

Seagate Technology (STX) fell 3.47%

Circle (CRCL) fell 3.15%

Bullish (BLSH) fell 1.73%

Gemini Space Station (GEMI) fell 1.62%

Bitmine Immersion Technologies (BMNR) fell 1.34%

SharpLink (SBET) fell 1.17%