Market

September 14, U.S. stocks opened lower as a broad sell-off in heavyweight semiconductor names dragged on sentiment. The Dow Jones Industrial Average fell 0.30% to 52,417, the S&P 500 dropped 0.72% to 7,602 and the Nasdaq Composite tumbled 1.19% to 26,019, with traders turning defensive ahead of this week’s key economic data releases.

Semiconductor losses dominated early trading: Direxion Daily Semiconductors Bull 3x Shares falls 17.37% as leveraged long positions unwind, Marvell Technology falls 9.35% after cloud-infrastructure order delays, Intel falls 7.42% on reports of server chip setbacks, Micron Technology falls 6.78% following a downbeat outlook, Advanced Micro Devices falls 6.07% on sector weakness, NVIDIA falls 3.85% amid profit-taking and Broadcom falls 3.82% despite solid recent results.

Gainers were scarce but notable: Future FinTech Group Inc. jumps 35.07% on a new European payment license, Direxion Daily Semiconductors Bear 3x Shares surges 17.63% as traders hedge chip exposure, Hutchison China Meditech adds 4.37% on positive drug trial data, Li Auto climbs 4.22% after strong order updates, XPeng Inc. advances 2.09% alongside EV peers, while Alphabet rises 1.70% and Meta Platforms, Inc. gains 1.30% on continued AI optimism.

News

Micron Technology cuts revenue outlook, shares tumble 6.78%. The memory-chip maker cited softer PC and smartphone demand, signaling ongoing pressure on DRAM and NAND pricing and weighing on sector peers.

Intel delays next-gen server chip launch, stock sinks 7.42%. Supply-chain checks indicate validation issues will push the release into 2027, intensifying competitive pressure from Advanced Micro Devices.

Marvell Technology warns of cloud order push-outs, down 9.35%. Management said two hyperscale customers are deferring infrastructure upgrades, stoking fears of slower AI hardware rollouts.

NVIDIA retreats 3.85% ahead of GTC keynote. Investors locked in gains before the company’s annual developer event, where new AI accelerator announcements are expected.

Alphabet gains 1.70% as DOJ antitrust trial opening favors defense. Early arguments suggested challenges for regulators to prove consumer harm, easing concerns about potential structural remedies.

Meta Platforms, Inc. rises 1.30% on launch of AI-powered Quest headset. The new device features on-device Llama chips, reinforcing the company’s hardware ambitions and metaverse strategy.

Tesla Motors edges up 0.20% after European registrations jump 8%. August data from Germany showed resilient demand for the Model Y despite intensifying EV competition.

Li Auto soars 4.22% on record weekly orders for L9 SUV. The company highlighted more than 20,000 new reservations following its latest price promotion, boosting investor confidence.

Direxion Daily Semiconductors Bear 3x Shares surges 17.63% as chip rout deepens. Traders piled into the leveraged ETF to capitalize on accelerating declines across the semiconductor complex.

Future FinTech Group Inc. rockets 35.07% on European e-money license approval. The blockchain payments firm said the authorization clears a path for launching cross-border digital wallets across the EU, opening new revenue streams.