Nasdaq Opens Higher as Chip Stocks Recover Amid Rate-Hike Concerns
The Nasdaq opened 1.23% higher at 24,614.53, recovering from earlier losses in chip stocks amid fears of tougher AI regulations by a Democratic-led Congress. The Dow Jones fell 486.37 points (0.94%) to 51,036.69, while the S&P 500 rose 0.26% to 7,373.17. The jobs report has raised concerns about potential interest-rate hikes.
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