U.S. stock market opens: Dow Jones rises over 200 points, semiconductor index rises 0.8%

Wallstreetcn
2025.01.03 14:32

The S&P 500 index opened up 22.52 points, an increase of 0.38%, at 5891.07 points;
The Dow Jones Industrial Average opened up 103.49 points, an increase of 0.24%, at 42495.76 points;
The Nasdaq Composite opened up 114.72 points, an increase of 0.59%, at 19395.51 points.
NVIDIA rose 1.2%, Tesla rebounded 0.7%, U.S. Steel fell 5.4%, and nuclear power concept stock Constellation Energy Corp. rose 2.3%.
Chinese concept stocks such as Weimi Hologram, Kingsoft Cloud, Li Auto, JD.com, and Bilibili all rose by at least 1%, while the Chinese concept ETF YINN rebounded by 3.2%.
According to media reports, NVIDIA and Qualcomm are considering transferring some of their 2-nanometer process orders from TSMC to Samsung, due to capacity and cost considerations.
U.S. President Biden officially announced the blocking of Japan's Nippon Steel's acquisition of U.S. Steel, a $14.1 billion deal that attracted attention, sparked political controversy, and strained relations between the U.S. and Japan.
The tax credits created by the climate bill signed by President Biden now include an exemption that companies, including Constellation Energy Corp., are seeking, which will benefit some existing nuclear power plants