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The three major U.S. stock indices opened higher, with the Dow Jones Industrial Average rising more than 1% to hit a new record high, while the Nasdaq Composite and the S&P 500 each gained about 0.7%. The rally in chip stocks continued, with ASML rising nearly 5%, and Marvell Technology and Applied Materials both gaining more than 3%. AMD, Qualcomm, Intel, and TSMC all rose nearly 2%.

05/01/2026 06:48 UTC
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The three major U.S. stock indices opened higher, with the Dow Jones Industrial Average rising more than 1% to hit a new record high, while the Nasdaq Composite and the S&P 500 each gained about 0.7%. The rally in chip stocks continued, with ASML rising nearly 5%, and Marvell Technology and Applied Materials both gaining more than 3%. AMD, Qualcomm, Intel, and TSMC all rose nearly 2%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.