US stocks open mixed: Dow falls 1%, Nasdaq 100 rises 1.5%, chip index jumps 5.4%

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.