Wall Street Opens Mixed as AI Stocks Slide, Tesla Advances
The Dow rose while the Nasdaq slipped as inflation concerns weighed on technology shares; Tesla gained after unveiling its next-generation Roadster.
Key takeaways
- The Dow gained 0.25% at the open, while the Nasdaq fell 0.22%.
- Tesla unveiled a next-generation Roadster and its shares rose.
U.S. stocks opened mixed Friday, with the Dow up 0.25%, the S&P 500 little changed and the Nasdaq down 0.22%. Inflation concerns and worries about the impact of higher interest rates on AI investment weighed on technology shares.
CoreWeave fell 6.4%, Micron lost 2.8%, AMD dropped 2.6% and Intel declined 2%. The 10-year Treasury yield rose to 5.13%, while the 30-year yield reached 5.46%.
Tesla unveiled a next-generation Roadster featuring 10 nozzles and “ultra-high-pressure air tanks.” Production is expected to begin in 2028. As of 14:18 UTC Friday, Tesla shares traded at $367.38, up 1.36% from the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
