The three major U.S. stock indices all opened lower, with the chip and storage sectors broadly declining.

Golden Finance reports that the three major U.S. stock indices opened lower, with the Nasdaq down 1.08%, the Dow down 0.18%, and the S&P 500 down 0.55%. The U.S. stock chip and storage sectors declined across the board, with SanDisk falling and Micron Technology dropping over 3%. MARA Holdings rose over 4% after announcing a $1 billion convertible preferred note buyback and the sale of 15,133 bitcoins. Nvidia’s stock price fell 1.58%, Apple declined 0.59%, Alphabet A shares dropped 1.95%, Microsoft decreased 0.22%, Amazon fell 1.16%, Meta Platforms Inc Class A shares declined 2.79%, Tesla dropped 1.16%, and Netflix’s stock price decreased 1.05%.