Dow opens lower; Nasdaq rises while Nvidia shares rise

Investor concerns have crept into other parts of the market, especially as the deadline for the US debt ceiling approaches. Fitch posted the US triple-A credit rating to negative late Wednesday, citing “increased political partisanship” around the debt limit.

Stock indices gained the most. The Nasdaq Composite rose 1.7%, while the S&P 500 added 0.7%. The Dow fell 0.3%.

US Treasury yields rose. The yield on the benchmark 10-year US Treasury Note rose to 3.752% from 3.717% on Wednesday. The two-year rate rose from 4.343% to 4.442%.

Stocks tied to the AI ​​frenzy rose. Chipmaker Advanced Micro Devices gained 10%. US certificates from Taiwan Semiconductor Manufacturing Co., maker of Nvidia chips, rose 8.8%.

Oil prices retreated after Brent crude reached its highest settlement value since early May on Wednesday. Brent futures fell 2.2% to $76.49 a barrel.

Foreign indices were mixed. The Stoxx Europe 600 gained 0.1%, while indices in Asia fell mainly. The Hong Kong Hang Seng was down 1.9% and the Shanghai Composite was down 0.1%. Japan’s Nikkei 225, on the other hand, gained 0.4%.

Watch data: Gross domestic product in the first quarter was revised upwards to an annual growth rate of 1.3%. Meanwhile, claims for unemployment benefits rose slightly last week but remained at an all-time low.

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