The Nasdaq opened lower on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall Street. The Dow Jones Industrial Average rose 282.8 points, or 0.54%, at the open to 52492.88. The S&P 500 fell 17.6 points, or 0.24%, at the open to 7395.55, while the Nasdaq Composite dropped 107.0 points, or 0.43%, to 24825.072 at the opening bell. More to come...
US Stocks-Nasdaq opens lower as AI worries mount ahead of pivotal earnings
The Nasdaq opened lower on Tuesday, reflecting global market caution. AI chip stocks faced concerns over corporate spending and Chinese competition. The Dow Jones Industrial Average saw an increase at the opening bell. Meanwhile, the S&P 500 experienced a slight decline. Investors awaited earnings reports from major Wall Street companies.
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