Nasdaq Gains 0.2% While Dow Drops 0.3% at U.S. Market Open

Mixed U.S. opening sees Nasdaq up 0.2% and Dow down 0.3%. Storage stocks surge; Alibaba rises 1.6% on gaming unit sale news.

Woofun AI reports that U.S. equity markets opened with divergent performance, as the Dow Jones Industrial Average declined by 0.3% while the Nasdaq Composite advanced by 0.2%. The S&P 500 remained largely unchanged from its opening levels.

Sector-specific movements highlighted gains in storage technology, with Micron rising 3.6% and SanDisk increasing 4.5%. Alphabet stock edged up 0.2%, coinciding with reports of Berkshire Hathaway expanding its stake during the second quarter.

Meanwhile, Alibaba shares climbed 1.6% after the firm announced the sale of its gaming division for $1.5 billion.