BNC surges 50.43% as storage stocks finish mixed in U.S. trading

  • BNC surged 50.43% as U.S.-listed crypto-linked stocks traded unevenly.
  • BNC closed at $5.25 after a 50.43% single-session gain.
  • The Dow, Nasdaq and S&P 500 all declined at the U.S. close.

U.S. stocks ended lower across the board, with the Dow Jones Industrial Average down 0.52%, the Nasdaq Composite down 0.21% and the S&P 500 down 0.34%. Chip stocks AMD, Intel and Qualcomm rose 5.9%, 9.05% and 3%, respectively, while optical-module shares including Coherent, Lumentum, Applied Optoelectronics and Nokia also gained. Storage stocks finished mixed, with Seagate Technology up 6.49%, SK hynix up 4.8% and Western Digital up 2.14%, while SanDisk and Micron Technology declined. BNC, identified as a BNB treasury stock, surged 50.43% to close at $5.25 amid gains in on-chain crypto-linked stocks. Other major crypto-linked equities fell, including Circle, which dropped 5.75%, Strategy, which declined 4.4%, and Coinbase, which fell 3.09%.

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