TREE NEWS reports: The Dow Jones Industrial Average fell 1% at the open, with the S&P 500 down 0.45% and the Nasdaq down 0.3%. Semiconductor stocks traded mixed: SK Hynix rose about 3%, while Western Digital fell about 3% after the company reported its first-quarter earnings.
US stocks open lower: Dow falls 1%, Western Digital drops about 3%
AI take
The split between SK Hynix's gain and Western Digital's post-earnings drop shows the market is no longer treating semiconductors as a single trade — company-specific results are being priced individually even as the broad indices slide. The Dow's sharper decline relative to the Nasdaq suggests the weakness is concentrated in cyclical, old-economy names rather than a tech-led selloff. Whether that divergence between the Dow and Nasdaq persists through the session is the open question.
Generated by AI for reference only.
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