US open: Stocks mixed as tech rebounds, AI slowdown keeps sentiment fragile

(Sharecast News) - Major indices were mixed early on Monday, helped by a rebound in tech after last week's sharp selloff in AIlinked names.

As of 1445 BST, the Dow Jones Industrial Average was down 0.21% at 51,893.91, while the S&P 500 advanced 0.48% at 7,695.98 and the Nasdaq Composite came out of the gate 0.99% firmer at 26,399.79.

The Dow opened 108.50 points lower on Monday, extending lossees recorded in the previous session.

Tech stocks were in focus at the open, as Intel climbed 5.34% in early action after JPMorgan upgraded the stock, while CoreWeave - which slumped over 25% last week on debt worries - recovered 2.92% at the open.

However, sentiment around the AI trade remained fragile after CNBC reported that Anthropic's Q3 revenues hit $16.8bn, up from $11.6bn in the second quarter, but the slower pace of growth raised fresh questions over how quickly the AI buildout can continue.

Oil markets were also drawing an amount of investor attention as geopolitical risks intensified as ship attacks in the Persian Gulf increased, while Ukraine and Russia exchanged strikes on energy infrastructure over the weekend, including a Ukrainian hit on an oil terminal in St Petersburg. Longerdated crude futures have begun to move higher on expectations that supply disruptions could persist well into 2027.

On the macro front, the National Association of Houseuilder's October housing market index will be released at 1500 BST.

While no major corporate earnings were slated for publication on Monday, Meta Platforms and Tesla were both scheduled to report before the end of the week.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Chevron Corp. (CVX) $224.23 2.59%

Coca-Cola Co. (KO) $92.92 2.07%

Travelers Company Inc. (TRV) $388.75 1.47%

Procter & Gamble Co. (PG) $157.54 1.45%

JP Morgan Chase & Co. (JPM) $338.86 1.25%

Dow Chemical Co. (DOW) $30.11 0.91%

Johnson & Johnson (JNJ) $253.90 0.90%

Verizon Communications Inc. (VZ) $44.29 0.88%

Boeing Co. (BA) $189.99 0.78%

Visa Inc. (V) $399.51 0.72%

Dow Jones - Fallers

Cisco Systems Inc. (CSCO) $108.54 -3.98%

Intel Corp. (INTC) $94.37 -2.65%

Salesforce.Com Inc. (CRM) $237.71 -2.45%

Microsoft Corp. (MSFT) $531.44 -1.87%

Unitedhealth Group Inc. (UNH) $400.71 -1.29%

Amgen Inc. (AMGN) $429.98 -1.18%

Goldman Sachs Group Inc. (GS) $884.05 -1.12%

Apple Inc. (AAPL) $341.34 -0.87%

International Business Machines Corporation (CDI) (IBM) $230.63 -0.85%

Caterpillar Inc. (CAT) $738.13 -0.66%

S&P 500 - Risers

Apache Corp. (APA) $49.01 4.29%

Kinder Morgan Inc Kans (KMI) $34.06 4.20%

Idexx Laboratories Inc. (IDXX) $557.86 4.06%

Northrop Grumman Corp. (NOC) $514.84 4.05%

Diamondback Energy Inc. (FANG) $204.09 3.91%

RTX Corporation (RTX) $192.44 3.73%

Lockheed Martin Corp. (LMT) $545.14 3.65%

Eog Resources Inc. (EOG) $157.60 3.53%

NiSource Inc. (NI) $42.70 3.47%

Allstate Corp (The) (ALL) $245.79 3.46%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Fortinet Inc. (FTNT) $172.80 -7.12%

Hewlett Packard Enterprise (HPE) $57.06 -5.97%

NetApp Inc. (NTAP) $207.47 -4.69%

Corning Inc. (GLW) $136.63 -4.64%

Oracle Corp. (ORCL) $130.31 -4.64%

Arista Networks Inc. (ANET) $182.17 -4.63%

Nektar Therapeutics (NKTR) $36.00 -4.46%

Humana Inc. (HUM) $415.22 -4.41%

Applied Materials Inc. (AMAT) $422.65 -4.19%

Nasdaq 100 - Risers

Idexx Laboratories Inc. (IDXX) $557.86 4.06%

Align Technology Inc. (ALGN) $147.65 3.41%

Skyworks Solutions Inc. (SWKS) $81.56 3.29%

Microchip Technology Inc. (MCHP) $75.15 3.20%

Asml Holdings N.V. (ASML) $1,671.86 2.57%

Micron Technology Inc. (MU) $914.50 2.26%

Starbucks Corp. (SBUX) $97.38 2.23%

DENTSPLY Sirona Inc. (XRAY) $8.55 2.13%

Charter Communications Inc. (CHTR) $109.26 2.02%

Verisk Analytics Inc. (VRSK) $188.93 1.91%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Liberty Global plc Series C (LBTYK) $7.60 -5.02%

Liberty Global plc Series A (LBTYA) $7.77 -4.99%

Applied Materials Inc. (AMAT) $422.65 -4.19%

Cisco Systems Inc. (CSCO) $108.21 -3.98%

Workday, Inc. (WDAY) $191.38 -3.50%

Seagate Technology Plc (STX) $664.17 -3.01%

Meta Platforms Inc. (META) $706.02 -2.96%

KLA-Tencor Corp. (KLAC) $170.73 -2.82%

Western Digital Corp. (WDC) $348.10 -2.77%