Huo Xing Finance reports that on June 1, according to market data, U.S. major indices opened lower amid the latest developments in the Middle East: the Dow Jones fell 0.3%, the S&P 500 dropped 0.2%, and the Nasdaq declined 0.19%. NVIDIA (NVDA.O) rose 2.7%, and Microsoft (MSFT.O) gained 3% after jointly launching the Arm-architecture RTX Spark PC chip; NVIDIA officially entered the personal computer core processor market. Arm (ARM.O) surged 8.8%, while Intel (INTC.O) fell 6.6%. Memory-related stocks rose collectively: Micron Technology (MU.O) climbed over 5%, with its stock price surpassing $1,000, and SanDisk (SNDK.O) increased 3.4%. MSTR opened sharply lower by 9% after Strategy sold 32 bitcoins last week at an average price of approximately $77,135 per bitcoin.
MSTR Opens Down 9% Amid Bitcoin Sale, Major U.S. Indices Drop at Open
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Summary
Bitcoin news dominated early trading as MicroStrategy (MSTR) opened 9% lower after selling 32 Bitcoin at $77,135 each. U.S. indices followed lower, with the Dow down 0.3%, the S&P 500 at -0.2%, and the Nasdaq at -0.19%. Open interest in Bitcoin remains under pressure as selling activity intensifies. NVIDIA (NVDA.O) rose 2.7%, Microsoft (MSFT.O) increased 3%, and Arm (ARM.O) surged 8.8%. Micron (MU.O) and SanDisk (SNDK.O) also posted gains.
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