U.S. stocks opened higher, but LITE fell more than 9% and MRVL fell more than 5%.

On November 2nd, US stocks opened higher, with the Dow Jones Industrial Average up about 0.77%, the S&P 500 up about 0.50%, and the Nasdaq Composite up about 0.65%. The VIX fell about 2.4% to about 18.95. SpaceX rose about 1.4%. In the optical communications sector, LITE fell over 9%, CRDO fell about 2.4%, CIEN fell about 2%, AAOI rose about 1.3%, and COHR remained almost flat. In the Neocloud sector, CIFR fell nearly 4.8%, NBIS fell over 3%, ALAB fell nearly 3%, AASTS fell about 2%, IREN fell about 1%, and CRWV declined slightly. In the semiconductor sector, MRVL fell over 5%, INTC fell nearly 2.8%, ARM fell about 1.6%, NVDA rose about 1.4%, TSM rose about 1.3%, ASML rose slightly, and AMD remained almost flat. In the memory sector, SKHY rose nearly 2.8%, STX fell about 2.1%, and WDC and SNDK fell slightly. In the crypto concept stocks, MSTR rose nearly 2.7%, BMNR rose about 1.9%, HOOD rose about 1.2%, COIN fell about 1.6%, and MARA fell slightly.