New York stocks open mixed as semiconductor shares face broader selling after Samsung Electronics earnings
New York stocks 3 major indexes 7opened mixed on semiconductor-share selling on . Concerns were raised about the sustainability of the AI-led rally following Samsung Electronics' earnings announcement, dampening investor sentiment.
New York stocks 3 major indexes 7opened mixed on amid selling in semiconductor shares. Weaker investor sentiment is linked to the global semiconductor industry outlook and could also affect South Korean stocks.
At 9 a.m. 36 minutes, the Dow Jones30Industrial Average was up 126.66 points (0.24%) to 53,182.57.
The Standard & Poor's 500 Index was down 15.57 points (0.21%) at 7,521.86.
The Nasdaq Composite opened 192.30 points (0.74%) lower than the previous session, at 25,928.86.
Investor sentiment weakened as concerns were raised about the sustainability of the artificial intelligence-led rally following Samsung Electronics’ earnings announcement. As a result, semiconductor-related stocks came under selling pressure in early trading.
Early trading trends diverged by index. The Dow rose, while the S&P and Nasdaq fell.
Based on local time, morning-session gains and losses may change depending on intraday trading flows. Korean investors need to monitor movements in major semiconductor stocks, including Samsung Electronics.
Sources: 연합인포맥스
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