The US stock market opened mixed, with the Nasdaq climbing as the Dow slid.
Tech stocks led the gains, with the Nasdaq up 1.2% in early trading, as AI-linked names such as AMD, SanDisk, and Nvidia surged. Meanwhile, the Dow fell 1%, dragged down by old-economy stocks including Nike, Walmart, and McDonald's. This follows yesterday's sharp decline, when the Nasdaq dropped 5.5% and the Dow fell 3.44%.