U.S. stocks open higher as AI and chip shares gain, VIX falls

At the July 27 open, major U.S. indexes rose, the VIX dropped 4.79%, and AI, storage and semiconductor shares including SAP, SK Hynix, Micron and Nvidia advanced.

Summary

U.S. stocks opened higher on July 27, with reports citing the Dow Jones Industrial Average up 0.9% to 1.1%, the S&P 500 rising 0.7% to 0.81%, and the Nasdaq gaining 1% to 1.09% at the open. The VIX, Wall Street’s volatility gauge, fell 4.79%, pointing to lower near-term market anxiety. Technology leadership was broad: AI-related names including SAP, Workday, Atlassian, Cadence and UiPath rose, while storage and semiconductor shares such as SK Hynix, Micron Technology, SanDisk, Seagate Technology, Nvidia, Intel and Broadcom also advanced, though some premarket gains narrowed by the open.

Terms & Concepts
  • VIX: Wall Street's volatility gauge, measuring expected near-term equity market volatility
  • premarket trading: Stock trading before the regular U.S. market session opens
  • AI-related stocks: Shares linked to artificial intelligence themes, including software and semiconductor companies