Wall Street opens mixed as markets digest Big-Tech AI splurge

Wall Street opened mixed on Thursday, as investors waded through mega-cap tech results that showcased another surge in AI spending, while the Federal Reserve held rates steady as widely expected.

At 09:30 a.m. ET, the Dow Jones Industrial Average rose 62.50 points, or 0.12 percent, to 49,075.38, the S&P 500 gained 9.89 points, or 0.15 percent, to 6,988.65 and the Nasdaq Composite lost 39.15 points, or 0.16 percent, to 23,818.30.

Reuters