--

[U.S. Stock Market Close: Apple's Market Cap Nears $5 Trillion, Reclaims Global No. 1 Spot; Optical Communication and Storage Sectors Lead Declines] The three major U.S. stock indices closed mixed: the Dow rose 0.51%, the S&P 500 edged up 0.02%, and the Nasdaq fell 0.18%. Apple gained over 1%, hitting a new all-time high, with its market cap nearing $5 trillion, once again surpassing NVIDIA to become the global leader. The optical communication and storage sectors led the declines, with SanDisk dropping over 11%, Kioxia ADR falling over 7%, SK Hynix down over 7%, Lumentum declining more than 6%, and Western Digital and Seagate Technology both down over 4%. Notably, SK Hynix fell below its U.S. IPO issue price, Kioxia ADR has retreated over 57% from its late-June peak, and SanDisk has fallen over 45% from its late-June peak.

Loading...