Iran's complete blockade of the strait threatens U.S. stocks: Dow Jones falls 0.38%, Micron breaks $100 and hits a new high

Glonghui, June 1st｜Iran has decided to suspend negotiations with the US and completely block the Strait. The three major US stock indices opened collectively lower: the S&P 500 Index fell 0.16%, the Dow Jones Industrial Average dropped 0.38%, and the Nasdaq Index declined 0.11%. As for the “Seven Sisters”: Microsoft rose 2.82%, NVIDIA gained 2.48%, Meta Platforms increased 0.11%, Apple fell 0.89%, Google dropped 1.30%, Tesla fell 2.02%, and Amazon declined 2.16%.Regarding Chinese concept stocks, XPeng Group increased 4.74%, Bilibili rose 4.16%, NIO gained 3.93%, Trip.com rose 1.43%, and Pinduoduo fell 1.24%.Storage concept stocks rose collectively: Micron Technology gained over 5%, with the share price surpassing $1,000 to set a new record high; SanDisk increased 3.4%.ARM Holdings’ share price rose 12% to $396.505 per share, with a total market capitalization of $42.35 billion.