U.S. stocks surged during intraday trading with all three major indices up over 1%, SPCX climbing nearly 4.7%, and MSTR rising nearly 3.9%.

November 2 - According to data from the BIT stock platform, the three major U.S. stock indices rose during intraday trading, with the Dow up over 1%, the S&P up about 1%, and the Nasdaq up about 1.1%.

Optical communications leader Lumentum (LITE) fell over 10%, and Marvell (MRVL) dropped more than 5%. SpaceX (SPCX) rose nearly 4.7%.

In the storage sector, SK Hynix's U.S. ADR (SKHY) gained nearly 4%, while Seagate (STX) fell nearly 3.5%.

Crypto-related stocks: Strategy (MSTR) rose nearly 3.9%, Circle (CRCL) climbed about 3.5%, and BitMine (BMNR) increased roughly 3%.

The VIX dropped nearly 6.8% to around 18.1.