Add as a preferred source on GoogleU.S. Stocks Open Higher as SK Hynix, Micron and SanDisk Advance
The Dow, S&P 500 and Nasdaq gained at the open; Tesla rose and Meta fell.
Major U.S. indexes advanced at the start of trading on Wall Street Monday, Oct. 26, while storage-related shares and Tesla gained and Meta shares moved lower.
The S&P 500 rose 0.25%, the Dow Jones Industrial Average added 0.2% and the Nasdaq gained 0.28%. SK Hynix climbed 1.9%, Micron Technology rose 1.2% and SanDisk gained 0.6%. The Nasdaq led the three indexes, with its increase 0.08 percentage point above the Dow's. SK Hynix had the largest gain among the three storage-related stocks.
The moves were smaller than during an earlier U.S. market open, when SK Hynix and SanDisk each rose about 4% and Micron gained about 3%.
Tesla rose 3.3%. Barclays upgraded its rating on Tesla from equal weight to overweight.
Meta Platforms fell 0.77%. The company plans to raise as much as $95 billion through a stock offering to support AI growth.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.