U.S. Stocks Open Higher as Expected, AI Stocks Rally, Intel Up 8%, SPCX Extends Losses

BlockBeats News, June 18th, boosted by positive news such as the remote signing of a memorandum of understanding between the US and Iran, the US stock market opened with the Dow rising 0.77%, the S&P 500 rising 1.1%, and the Nasdaq rising 1.56%.

According to Bitget's market data, semiconductor stocks showed strength, with Intel up 8% following mentions of stimulus by Trump. Marvell Technology rose 4.7%, and Micron Technology rose 6%.

Optical communication stocks also saw significant gains, with AAOI up 3.43%, GLW up 5.18%, and COHR up 4.27%.

Storage stocks opened significantly higher, with WDC up 10.55%, STX up 7.22%, and SNDK up 6.28%.

However, SpaceX continued its downward trend with a 2% decrease.