The Dow Jones Industrial Average fell by 0.5% at the opening, the S&P 500 fell by 0.8%, and the Nasdaq fell by 1.1%.

SanDisk fell 3.5%, Micron Technology fell 2.4%, Google launched a compression algorithm, claiming it can achieve 6 times memory savings. Mining stocks declined, with First Majestic Silver down 4.1%, Coeur Mining down 4.3%, and Hecla Mining down 4.3%. ASML fell 2.8%, and there was a large-scale strike at its headquarters in the Netherlands. Furniture company MillerKnoll fell 22.9%, with Q3 earnings below expectations. Tourism software company Navan rose 21.6%, turning a loss into profit in Q4.