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U.S. stocks opened lower: the Dow Jones fell 0.42%, the Nasdaq dropped 1.37%, and Navitas Semiconductor surged 23%.
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ChainCatcher news, according to Golden Ten Data, at the opening of the US stock market, the Dow Jones Industrial Average fell by 0.42%, the S&P 500 Index dropped by 0.95%, and the Nasdaq Composite Index declined by 1.37%. Navitas Semiconductor (NVTS.O) surged 23% due to progress in developing chips for Nvidia. AMD (AMD.O) rose 1.1% after securing a large order of 50,000 chips from Oracle; Nvidia (NVDA.O) fell 2.08%. The Nasdaq Golden Dragon China Index dropped 2.5%.
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