US Stock Market Open: Major Indices Open Slightly Higher, Major Chinese Concept Stocks in Decline

U.S. stocks opened with the Nasdaq up 0.4%, the S&P 500 up 0.46%, and the Dow Jones up 0.67%.

The chip stocks experienced mixed movements, with AMD surging over 5%, hitting a historical high, and reporting a total market value of $774 billion; Intel rose over 1%, SanDisk fell over 2%, and Micron Technology dropped over 1%.

The popular Chinese concept stocks generally declined, with Chinese concept brokerage firms under pressure. The NASDAQ Golden Dragon China Index fell by 2.2%, NIO Inc. dropped by 7%, BIDU fell by 3%, BEKE fell by 4%, and Alibaba fell by 3%; Futu Holdings and Tiger Brokers each fell by 34% and 30% respectively, after receiving penalties from the Securities Regulatory Commission.

Quantum computing stocks generally rose, with Rigetti Computing up by 13%, IBM up by 3%, Quantum Computing up by 9%, and D-Wave Quantum up by 9%.

Estée Lauder rose by 13%, marking the largest intraday gain since April 2025, following the termination of merger negotiations with Spanish beauty group Puig.

IMAX surged by 14%, reaching its largest increase since February, after reports indicated that the company was exploring the sale and had reached out to entertainment firms as potential buyers.