Wall Street Today: US Markets Open Higher on January 6 with AI Boosting Tech Stocks
The US stock markets started the week on a positive note, opening higher on January 6 as investor enthusiasm around artificial intelligence continued to drive gains in the technology sector. Here’s a snapshot of the early trading session.
Dow Jones: A Modest Gain to Start the Day
The Dow Jones Industrial Average kicked off the trading session with a 0.24% gain, opening at 42,835.52 points, up from 42,732.13 points at Friday’s close. The index saw movement across various stocks, reflecting investor sentiment in early trading.
Top Gainers
Early optimism saw significant upward movement for several major stocks:
- Nvidia Corp.
- Microsoft Corp.
- Caterpillar Inc.
- Sherwin-Williams Co.
- Chevron Corp.
- Cisco Systems Inc.
- Walmart Inc.
- Walt Disney Co.
- Amazon.com Inc.
- Apple Inc.
Other notable stocks that gained included Goldman Sachs, Boeing Co., Salesforce Inc, and American Express Co.
Top Losers
Meanwhile, some big-name stocks experienced losses in the morning trade:
- Honeywell International Inc.
- Merck & Co. Inc.
- McDonald’s Corp.
- Nike Inc.
- Johnson & Johnson
- Coca-Cola Co.
- Procter & Gamble Co.
The movement in these stocks highlights the mixed sentiment in the early session, with both gainers and laggards shaping the market’s direction.
S&P 500: Stronger Start with a 0.68% Rise
The S&P 500 showed a stronger opening, gaining 0.68% to start at 5,982.81 points, up from 5,942.47 points at the previous close.
Top Gainers
Standout performers in the index included:
- Micron Technologies Inc.
- Super Micro Computer Inc.
- Teradyne Inc.
- Lam Research Corp.
- Nvidia Corp.
- GE Vernova Inc.
Top Losers
On the downside, companies like Domino’s Pizza Inc., General Mills Inc., Sempra, and Clorox Co. were among the biggest laggards.
Nasdaq Composite: Leading the Charge
The tech-heavy Nasdaq Composite Index outperformed its peers, opening 1.17% higher at 19,851.99 points, up from 19,621.68 points. It moved closer to a 2% rally during the early session.
Top Gainers
The Nasdaq saw impressive gains from:
- Boxlight Corp.
- Scisparc Ltd.
- Magic Empire Global Ltd.
- Guardforce AI Co. Ltd.
- Energous Corp.
Top Losers
However, not all stocks fared well. Early losers included:
- BioLine RX Ltd.
- Blue Hat Interactive Entertainment Technology
- Luna Innovations Inc.
- Aclarion Inc.
- BriaCell Therapeutics Corp.