U.S. stocks open mixed on July 10 as Meta rises and chip shares fall

The Dow and S&P 500 edged higher while the Nasdaq was flat to slightly lower; Meta jumped about 5%, AI-related shares advanced, and Micron, Qualcomm and storage names declined.

Summary

U.S. stocks opened mixed on July 10, with the Dow Jones Industrial Average up 0.22%-0.26%, the S&P 500 higher by 0.08%-0.11% and the Nasdaq flat to down 0.15%, according to market data cited by BlockBeats from Bit.com and by MSX.COM. Meta Platforms rose roughly 4.9%-4.99% at the open, while AI-related shares including Atlassian, Snowflake, Twilio and EPAM also advanced. At the same time, semiconductor and storage-related names weakened, with Micron Technology down 3%, Qualcomm off 2%, SanDisk down 4% and Western Digital lower by 1.9%. The VIX, Wall Street's volatility index, fell 0.69% in the newer report.

Terms & Concepts
  • Dow Jones Industrial Average: Blue-chip U.S. stock index of 30 companies
  • VIX: Wall Street volatility index
  • CPO-related stocks: Shares tied to co-packaged optics technology