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U.S. stocks open higher as chip and storage shares rally on June 18

U.S. stocks open higher as chip and storage shares rally on June 18

U.S. benchmarks rose at the open on June 18 as chip, optical communications and AI storage shares advanced, with CBRS, Intel, Marvell, Micron, WDC and SNDK among gainers while SPCX lagged.

Fact Check
The Odaily newsflash reports the exact figures in the claim (KOSPI -1.22%/-106.53 to 8620.07; Nikkei 225 -0.55%/-381.75 to 69022.75) attributed to Gate data, and BlockBeats flash 351668 independently confirms the same opening numbers. The third source documents a later intraday recovery, which is consistent rather than contradictory. Multiple matching sources support the opening data.
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Summary

U.S. stocks opened higher on June 18, with the Dow Jones Industrial Average up 0.77%, the S&P 500 rising 1.1% and the Nasdaq gaining 1.56%. Early trading showed broad strength in chip, optical communications and storage shares, according to Bitget market data cited by BlockBeats and others. Intel rose 8%, Micron climbed 6% at the open and later 8.27%, Marvell gained 4.7% at the open and later 11.68%, while storage names including WDC, STX and SNDK also advanced, though reported intraday gains differed from opening moves. CBRS posted the biggest gain in the newer report, up 13.82%, while SPCX was the notable laggard, falling 6.38% intraday after an earlier report said SpaceX was down 2%.

Terms & Concepts
  • Dow Jones Industrial Average: A widely followed U.S. stock index that tracks 30 large listed companies.
  • intraday: Occurring during the trading session rather than only at the market open or close.
  • semiconductor: A sector covering companies that design or manufacture chips used in electronics and computing.