US Stock Market Today: Nasdaq Jumps 1.3% At Open While Dow Barely Moves; AI Stocks Roar Back
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nasdaq Composite jumped 1.3% at Wednesday’s open as AI stocks roared back.
- ✓Nvidia shares rose 5% after recent losses, while CoreWeave rallied 13% on strong earnings.
- ✓Despite this tech recovery, the Dow Jones Industrial Average slipped 0.11% as investors weighed inflation concerns and a likely December interest rate hike.
Story at a Glance
- Category
- Indian Markets
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Wall Street opened Wednesday's session on a positive note, with technology and artificial intelligence (AI) stocks leading the recovery after recent losses. The Nasdaq Composite climbed sharply, while the Dow Jones Industrial Average struggled to find direction as investors weighed fresh inflation concerns against renewed optimism in the technology sector.
At 9:42 a.m. EST, the Nasdaq Composite was trading at 25,391.01, up 325.14 points, or 1.30%. The S&P 500 advanced 64.77 points, or 0.86%, to 7,585.70. In contrast, the Dow Jones Industrial Average slipped 60.06 points, or 0.11%, to 52,171.83.
The rebound in technology shares followed a strong pre-market performance, with Nasdaq-100 futures gaining 1.9% and S&P 500 futures rising 0.9%. Dow futures were up 68 points, or 0.1%, before the opening bell.
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