From The Economic Times · Reuters · · 40s
US Stocks Rise as Chips Trim Losses
Nasdaq jumps 1.23% as chip stocks rebound from AI regulation fears.
In brief
Nasdaq jumps 1.23% as chip stocks rebound from AI regulation fears. Nasdaq Composite rose 299.54 points to 24,614.53 after chip stocks pared losses from AI regulation concerns. Originally reported by The Economic Times.
Stock Market Open
Nasdaq Composite rose 299.54 points to 24,614.53 at the opening bell.
Dow Jones Falls
Dow Jones Industrial Average fell 486.37 points to 51,036.69.
S&P 500 Gains
S&P 500 rose 19.44 points to 7,373.17.
AI Regulation Fears
Chip stocks pared losses from AI regulation concerns after Democratic-led Congress fears.
Rate Hike Worries
US jobs report raised interest rate hike concerns despite stock gains.
In short
Nasdaq Composite rose 299.54 points to 24,614.53 after chip stocks pared losses from AI regulation concerns.
