U.S. Stocks Open Higher as LITE Shares Slide More Than 9%

A broad opening advance in U.S. equities Monday came alongside steep losses in LITE and MRVL, leaving optical communications, chipmakers and crypto-linked shares moving in different directions.

The Dow rose about 0.77%, the S&P 500 added about 0.50% and the Nasdaq gained about 0.65%. The VIX fell about 2.4% to around 18.95.

Optical communications shares were mixed. LITE dropped more than 9%, while CRDO declined about 2.4% and CIEN lost about 2%. AAOI rose about 1.3%, and COHR was nearly unchanged.

Semiconductor shares also diverged. MRVL fell more than 5%, INTC slipped nearly 2.8% and ARM lost about 1.6%. NVDA gained about 1.4%, TSM rose about 1.3%, ASML edged higher and AMD was nearly flat.

Among crypto-linked shares, MSTR advanced nearly 2.7%, BMNR gained about 1.9% and HOOD added about 1.2%. COIN fell about 1.6%, while MARA was slightly lower.