U.S. Stock Market Opens Slightly Higher, Storage Sector Rises Collectively

Alina Collins
Published 2026-05-08About 2 min read

The three major U.S. stock indices opened slightly higher, with the Dow Jones Industrial Average up 0.38%, the S&P 500 up 0.44%, and the Nasdaq up 0.54%.

The storage sector rose as a whole, with Micron Technology gaining 7%, SanDisk 4.28%, Western Digital 2.00%, and Seagate Technology 1.31%.

The photonics communication sector普遍高开 at the start of trading, with Credo rising over 3%, Lumentum over 1%, Corning over 4%, and AAOI over 6%.

Rocket Lab's stock soared nearly 14% at the open, as the company's Q1 revenue surged 64%, and it also announced orders for the Trump administration's "Golden Dome" missile defense project.

Cloudflare's stock price fell by 19%, following the company's forecast for second-quarter revenue slightly below expectations, and the announcement of layoffs.

Content is for reference only, not financial advice.