All three major US stock indexes closed lower, while the Philadelphia Semiconductor Index rose more than 3%.

The three major US stock indices all closed lower: the Dow Jones fell by 0.51%, the Nasdaq fell by 0.29%, and the S&P 500 Index dropped by 0.38%. The Philadelphia Semiconductor Index rose by more than 3%. The memory sector saw significant gains: SanDisk rose over 11%, SK hynix rose over 8%, Seagate Technology fell more than 6%, Western Digital gained over 5%, and Micron Technology increased more than 6%. The optical communication sector moved higher: Marvell Technology rose over 7%, Coherent rose more than 6%, Corning gained over 5%, and Lumentum increased by 4%. Lululemon dropped more than 17%. Tesla's Cybercab update fell short of expectations, and its share price dropped nearly 6%.