U.S. stocks opened higher with all three major indices up; LITE fell over 9%, MRVL dropped more than 5%.

BlockBeats news, November 2 - According to data from the BIT stock platform, the three major U.S. stock indices opened higher, with the Dow up about 0.77%, the S&P 500 up about 0.50%, and the Nasdaq up about 0.65%; the VIX fell about 2.4% to around 18.95.

SpaceX (SPCX) rose about 1.4%. The optical communications sector showed divergence, with LITE down over 9%, CRDO down about 2.4%, CIEN down about 2%, AAOI up about 1.3%, and COHR nearly flat. In the Neocloud space, CIFR fell nearly 4.8%, NBIS dropped over 3%, ALAB declined nearly 3%, ASTS fell about 2%, IREN dropped about 1%, and CRWV edged slightly lower.

Semiconductors were mixed, with MRVL down over 5%, INTC down nearly 2.8%, and ARM down about 1.6%; NVDA rose about 1.4%, TSM gained about 1.3%, ASML edged up, and AMD was nearly flat. In the storage sector, SKHY rose nearly 2.8%, STX fell about 2.1%, while WDC and SNDK dipped slightly. Crypto-related stocks saw MSTR up nearly 2.7%, BMNR up about 1.9%, and HOOD up about 1.2%; COIN fell about 1.6%, and MARA edged lower.