U.S. Stocks Open Higher as LITE Shares Slide More Than 9%
Photo: TokenPost
A broad opening advance in U.S. equities Monday came alongside steep losses in LITE and MRVL, leaving optical communications, chipmakers and crypto-linked shares moving in different directions. The Dow rose about 0.77%, the S&P 500 added about 0.50% and the Nasdaq gained about 0.65%. The VIX fell about 2.4% to around 18.95. Optical communications shares were mixed. LITE dropped more than 9%, while CRDO declined about 2.4% and CIEN lost about 2%. AAOI rose about 1.3%, and COHR was nearly unchanged. Semiconductor shares also diverged. MRVL fell more than 5%, INTC slipped nearly 2.8% and ARM lost about 1.6%.
Source: TokenPost
