The U.S. stock market opened lower and continued to decline, with the Dow Jones closing down 0.97%, the S&P 500 index down 1.51%, and the Nasdaq down 2.01%. Super Micro Computer (SMCI.O) fell over 33%, NVIDIA (NVDA.O) dropped 3.2%, and Micron Technology (MU.O) declined 4.8%. The Nasdaq Golden Dragon China Index fell 2.8%, and XPeng Motors (XPEV.N) dropped 8.2%.