Two out of the three major US stock market indices opened lower on Thursday. The broader S&P 500 opened 0.08% lower at 6,076.95, while the Dow Jones rose 0.04% at the opening bell.
The tech-heavy Nasdaq Composite slipped 0.05% to 19,906.99 at the opening bell.
Among the stocks that gained in early trade were Goldman Sachs Group Inc., JPMorgan Chase & Co., and Johnson & Johnson. Stocks like Nike Inc. Cl B, NVIDIA Corp. and Microsoft Corp. dipped in the early minutes of trade.
Among the 11 S&P 500 sectoral indices, all but two were trading lower against the previous day's close. The gains were led by Communication Services and Information Technology.
“The stock market is showing some signs that it could take a well-deserved breather, which would be normal and healthy,” Matt Maley at Miller Tabak told Bloomberg.
“However, the news out of SK Hynix could be something that creates some problems for the continued bullish sentiment surrounding the AI phenomenon if their guidance is repeated by others in the chip sector,” he said.
As the US market opened, spot gold was trading 0.40% lower at $2,745.46, and Brent crude oil was trading 0.49% higher at $79.39.
The Bloomberg Dollar Index changed slightly, with the British pound changing to $1.2328, while the Japanese yen rose 0.1% to 156.33 per dollar.
Bitcoin, the largest traded cryptocurrency, surged 1.6% to $105,721.51.
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