NYSE entrance, 2011 file: Alan Kotok / Wikimedia Commons (CC BY 2.0, cropped)
U.S. stocks split after Wednesday’s opening bell, with the S&P 500 and Nasdaq Composite advancing while the Dow Jones Industrial Average slipped. Technology stocks led the gains, but the rise did not extend across all three major indexes.
The S&P 500 stood at 7,576.69, up 55.76 points, or 0.74%, at 10:21 a.m. Eastern. The Dow was down 170.13 points, or 0.33%, at 52,061.76 on the same minute’s exchange quote. The S&P had opened at 7,586.65, while the Dow opened at 52,196.35.
The Nasdaq Composite was at 25,385.70, up 319.82 points, or 1.28%, on Nasdaq’s 10:19 a.m. Eastern reading. The Nasdaq-100 rose 477.37 points, or 1.72%, to 28,218.17. Nasdaq’s index readings are delayed rather than real time.
The opening stretch left a clear gap between the technology-heavy indexes and the blue-chip Dow. The Nasdaq’s gains had also moderated from just after the bell: at 9:32 a.m., the Composite was up 1.71% and the Nasdaq-100 was ahead 2.02%.
AI infrastructure stocks were a prominent part of the early advance. CoreWeave traded at $58.49, up 20.02%, at 10:21 a.m. Eastern. In its Tuesday earnings report, the company reported quarterly revenue of $3.661 billion, compared with $1.365 billion a year earlier. Its net loss widened to $709 million from $110 million.
Other notable early movers included Nebius, up 14.53% at $153.47; AMD, up 4.28% at $537.28; and Nvidia, up 2.33% at $172.82. GoPro was a decliner, falling 12.02% to $0.7415. Those individual-stock readings were Nasdaq’s real-time quotes at 10:21 a.m. Eastern, not an exchange-wide ranking of the largest movers.
The figures capture the first hour of cash trading, not closing results. S&P 500 and Dow readings are from the direct exchange quote displays for the S&P 500 and Dow.
JBizNews Desk | Wall Street
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