U.S. stocks changed sharply late at night
On the evening of the 28th, Beijing time, the three major U.S. stock indexes opened with mixed gains and losses. Later, the Nasdaq and S&P 500 index rose during the session and turned from falling to rising. The storage and optical communications sectors of the U.S. stock market collectively fell sharply. The Philadelphia Semiconductor Index once fell by more than 6.5%, and then rebounded. As of press time, the Philadelphia Semiconductor Index fell by 3.3%. In the storage sector, Micron Technology's stock price once plummeted 12.34%, reaching as low as $789.09 per share, and the total market value once fell below $900 billion. As of press time, the stock price has rebounded, with the latest stock price at $826.55 per share.
On the evening of the 28th, Beijing time, the three major U.S. stock indexes opened with mixed gains and losses. Later, the Nasdaq and S&P 500 index rose during the session and turned from falling to rising. The storage and optical communications sectors of the U.S. stock market collectively fell sharply. The Philadelphia Semiconductor Index once fell by more than 6.5%, and then rebounded. As of press time, the Philadelphia Semiconductor Index fell by 3.3%. In the storage sector, Micron Technology's stock price once plummeted 12.34%, reaching as low as $789.09 per share, and the total market value once fell below $900 billion. As of press time, the stock price has rebounded, with the latest stock price at $826.55 per share. Seagate Technology fell 9.58%, SanDisk fell 13.85%, Marvell Technology fell 5.74%, and Western Digital fell 10.15%. Corning, the leading optical communications stock, fell more than 20% during the session because its third-quarter performance guidance was lower than market expectations. As of press time, the latest stock price was US$120.585 per share, down 15.89%. Coherent fell more than 11%, and Lumentum fell nearly 10%. NVIDIA turned from falling to rising. It once fell by nearly 2% and now rose by 0.96%. TSMC fell by 1.45%, SK Hynix fell by 6.56%, AMD fell by 6.45%, and ASML fell by 3.55%. On the other side, Apple's stock price hit a new all-time high, with its intraday market value exceeding the US$5 trillion mark, becoming the second listed company in the world to reach this milestone after Nvidia. Apple's stock has been performing strongly recently. Since late June, Apple's stock price has continued to rise from a level of about $274, with a cumulative increase of more than 20% in the past month. As of press time, Apple's latest stock price is US$339.695 per share. Coca-Cola's stock price also hit a new all-time high, once soaring more than 7%. As of press time, the latest stock price was US$88.8 per share, with a total market value of US$382.1 billion. Coca-Cola's second-quarter profit and revenue exceeded Wall Street expectations. Since the beginning of this year, Coca-Cola’s share price has risen by more than 30%.