U.S. stocks declined across major indexes, with the Nasdaq Composite down 2.36% as shares in optical equipment, data storage and large technology companies also posted losses.
The Dow Jones Industrial Average fell 0.58%, the S&P 500 lost 1.19% and the Nasdaq Composite declined 2.36%. The Nasdaq had the largest percentage drop among the three indexes.
Among large companies, Alphabet fell 2.27% and Nvidia slipped 0.95%. Oracle and Tesla were down 4.42% and 2.97%, respectively.
At the larger end of the reported moves, declines reached 7.89% for AAOI and 6.26% for Coherent (COHR); LITE shed 3.87%.
On the storage side, WDC was down 5.16% and SNDK lost 5.3%; declines also reached 6.13% for SKHY, 5.97% for STX and 4.33% for MU. MRVL fell 4.2%, while NOK lost 2.51% and SPCX declined 2.24%.
EconoTimes previously reported that investors had focused on AI valuations and infrastructure financing as U.S. stock futures moved in mixed directions.
