On August 20, according to BIT (bit.com) market data, U.S. stocks opened with the Dow Jones down 0.6%, the S&P 500 down 0.3%, and the Nasdaq down 0.5%. Micron Technology (MU.O) rose 0.4% as the company increases its investment in domestic memory research and plans to invest $10 billion over the next decade. Walmart (WMT.N) fell 7% as its Q2 same-store sales growth hit a six-year low, and its full-year profit guidance fell short of expectations. SK Hynix (SKHY.O) rose 4% after reaching a preliminary wage agreement with labor. Alibaba (BABA.N) dropped 4.7% following its earnings report.
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U.S. Stocks Open Lower as Major Indices Decline
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