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US stocks today: Nasdaq opens higher as chips pare losses, rate-hike fears linger

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In short

U.S. equities experienced a mixed session open, characterized by a notable split between tech-focused indices and broader industrial stocks. The Nasdaq Composite posted the strongest advance of the morning, followed by modest gains in the S&P 500 as chipmakers recovered. Meanwhile, the Dow Jones Industrial Average dropped 486.37 points, or 0.94%, reflecting the persistent impact of interest rate concerns.

Key points

  • Semiconductor equities paring earlier losses provided critical support for the technology…: Semiconductor equities paring earlier losses provided critical support for the technology sector at the opening bell.
  • Ongoing anxiety over potential interest rate hikes continues to weigh unevenly across the…: Ongoing anxiety over potential interest rate hikes continues to weigh unevenly across the major market indices.
  • Market divergence was pronounced as tech indices advanced while industrial shares experie…: Market divergence was pronounced as tech indices advanced while industrial shares experienced significant declines.

Sources checked by our analysis pipeline: 1

The Dow Jones Industrial Average fell 486.37 points, or 0.94%, at the open to 51,036.69. The S&P 500 rose 19.44 points, or 0.26%, at the open to 7,373.17, while the Nasdaq Composite rose 299.54 points, or 1.23%, to 24,614.53 at the opening bell.

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