U.S. Stocks Fall as Crypto Shares Drop Alongside Tech Stocks

U.S. stocks fell during the Oct. 15 session, with crypto-related shares moving lower alongside semiconductor and storage stocks as the S&P 500 dropped 1.1%. The Nasdaq declined 1.64%, while the Dow fell 0.3%.

Strategy shares fell 5.8%. Coinbase lost 4.6%, Circle declined 6.4%, BitMine Immersion dropped 5.3% and SharpLink Gaming fell 7.4%.

Technology stocks also retreated. Advanced Micro Devices fell 5.3%, Intel dropped 4.2%, Micron Technology lost 3.3% and Nvidia declined 2.9%. Seagate Technology fell 2.8%, Western Digital dropped 3.2% and SanDisk declined 4.7%.

Optical communications stocks posted steeper losses. Applied Optoelectronics fell 9.8%, while Lumentum Holdings dropped 7.2%. Coherent and Ciena each declined 7.8%. The Pure-Play Photonics ETF fell 6.2%.

The declines spanned crypto-related, semiconductor, storage and optical communications shares during the session.