Dow opens lower;  Nasdaq rises as Nvidia stock jumps

Investor anxiety has permeated other parts of the market, particularly as the U.S. debt-ceiling deadline looms. Fitch put the U.S.’s triple-A debt rating on negative watch late Wednesday, citing “increased political polarization” around the debt ceiling.

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

Yields on US government bonds rose. The yield on the benchmark 10-year US Treasury note rose to 3.752% from 3.717% on Wednesday. The two-year yield rose to 4.442% from 4.343%.

Stocks rallied amid AI frenzy. The chipmaker advanced micro devices up 10%. U.S. depository receipts for Taiwan Semiconductor Manufacturing Co., which makes Nvidia chips, rose 8.8%.

Oil prices retreated Brent crude on Wednesday hit its highest settlement since early May. Brent futures were down 2.2% at $76.49 a barrel.

Foreign codes mixed. The Stoxx Europe 600 rose 0.1%, while indices in Asia were mostly down. Hong Kong’s Hang Seng fell 1.9% and the Shanghai Composite fell 0.1%. Japan’s Nikkei 225, by contrast, rose 0.4%.

Data Tracking: First quarter GDP was revised upward to a 1.3% annual growth rate. Meanwhile, jobless claims rose slightly last week, but remained at historic lows.

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