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"American Stock Market" the Dow rose more than 100 points in the early stage. Large-scale technology stocks were soft and Nvidia vomited nearly 2%.
The latest US economic data are mixed, with retail sales falling 0.8 per cent month-on-month in January than expected, while initial jobless claims fell to 212000 last week. The three major indexes of US stocks opened steadily on Thursday, with the Dow rising more than 100 points in early trading and the Nasdaq softening. The S & P 500 opened 2.52 points or 0.05% higher at 5003.14, the Dow opened 26.33 points or 0.07% lower at 38397.94 points, and the Nasdaq opened 6.15 points or 0.04% higher at 15865.3 points. NVDA.US (NVIDA), which has hit record highs for several days, gave back nearly 2 per cent to $725.8 in the early days, and publicly disclosed its stake in five small AI shares, such as Arm (ARM.US). Arm rose 2 per cent, while voice assistant developer SoundHound (SOUN.US) soared 55 per cent. Large technology stocks are soft, with Alphabet (GOOGL.US) down more than 2 per cent, MSFT.US (MSFT) 0.7 per cent and AAPL.US (AAPL) 0.6 per cent. CSCO.US (CSCO) is expected to underperform its full-year forecast and plans to cut 5% of its global workforce, with its share price falling nearly 3%. Twilio (TWLO.US), a cloud communications platform, was weaker than expected this quarter, with its share price down 14%.
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