TREE NEWS reports: US stocks opened mixed, with the Dow down 1% while the Nasdaq 100 rose 1.5% and the semiconductor index jumped 5.4%. SanDisk gained 10.4%, and Nebius, AMD, Western Digital, Seagate, TSMC, Micron, Intel, SK Hynix ADRs and Nvidia rose as much as about 7.4%, while Apple and Microsoft fell as much as over 1.6%. October nonfarm payrolls rose by 165,000, prior months were revised higher, and the unemployment rate fell to 4.1%, after which traders increased bets on a Federal Reserve rate hike in December.
US stocks open mixed: Dow falls 1%, Nasdaq 100 rises 1.5%, chip index jumps 5.4%
AI take
The split is the story: capital is rotating hard into semiconductors and storage names while mega-cap software and the Dow lag, so this reads as a sector-specific bid rather than broad risk appetite. The payroll beat and firmer rate-hike odds did not dent chip demand, which suggests the move is tied to something narrower than macro. Whether that leadership holds once rate expectations settle is the open question, and whether the divergence between chips and the rest of big tech widens further is worth watching.
Generated by AI for reference only.
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