The Dow Jones fell 0.6% at the opening, the S&P 500 fell 0.5%, and the Nasdaq fell 0.3%.

Bitcoin soared to a new all-time high, with cryptocurrency concept stocks generally rising. Bitfarms rose 5.6%, Mara Holdings rose 2.7%, Riot Platforms rose 2.5%, and MicroStrategy rose 2.1%. Levi's rose 7.8%, with the company raising its annual performance forecast. AMC Theatres rose 6.0%, and Wade Bush was upgraded to outperform the market.