U.S. stock market opens: Before Powell's hearing begins, the Nasdaq falls over 0.5%, the semiconductor index drops 0.7%, and Tesla declines 1.8%

Wallstreetcn
2025.02.11 14:33

The S&P 500 index opened down 17.12 points, a decrease of 0.28%, at 6049.32 points;

The Dow Jones Industrial Average opened down 69.03 points, a decrease of 0.16%, at 44401.38 points;

The Nasdaq Composite opened down 112.16 points, a decrease of 0.57%, at 19602.11 points.

Micron, C3.ai, TSMC ADR, AMD, Broadcom, Tesla, Qualcomm, NVIDIA, and others fell over 1%, GlobalFoundries dropped over 6%, while Apple rose 0.8%, and Lattice Semiconductor increased by about 14% after the earnings report was released.

Chinese concept stocks Alibaba rose 0.3%, while Baidu fell 5.7%, Li Auto, Kingsoft Cloud, and Bilibili all dropped at least 3%, and the Chinese concept ETF YINN fell 4.2%. The Chinese concept index declined by 2.47%

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