Tech searches for gains as stocks teeter at the open: AlphaCheck

Stocks diverged at the open on Monday, with the Dow Jones Industrial Average and S&P 500 slipping while the tech-heavy Nasdaq Composite wavered, as a large revenue haul by AI startup Anthropic helped bolster semiconductor stocks. Technology was one of the few sectors in the green, but five of the 'Magnificent Seven' stocks traded in the red, and other sectors were solidly red, with Consumer Discretionary, Communication Services, and Basic Materials among the biggest laggards.

Good morning. Stocks diverged at the open https://finance.yahoo.com/markets/live/stock-market-today-monday-august-17-dow-sp-500-nasdaq-094421171.html , with the Dow Jones Industrial Average ^DJI https://finance.yahoo.com/quote/^DJI/ and S&P 500 ^GSPC https://finance.yahoo.com/quote/^GSPC/ slipping, while the tech-heavy Nasdaq Composite ^IXIC https://finance.yahoo.com/quote/^IXIC/ wavered. Here's a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data https://alphaspace.finance.yahoo.com/ . Technology XLK https://finance.yahoo.com/quote/XLK/ was one of the few sectors in the green at the start of trading, as a large revenue haul by AI startup Anthropic https://finance.yahoo.com/technology/live/tech-stocks-today-anthropics-huge-haul-meta-trial-to-kick-off-132945569.html ANTH.PVT https://finance.yahoo.com/quote/ANTH.PVT/ helped bolster semiconductor stocks. However, tech's hold on the morning's gains looked fragile, with five of the "Magnificent Seven" stocks trading in the red. The other sectors were solidly red, with Consumer Discretionary XLY https://finance.yahoo.com/quote/XLY/ , Communication Services XLC https://finance.yahoo.com/quote/XLC/ , and Basic Materials XLB https://finance.yahoo.com/quote/XLB/ among the biggest laggards. Here are some notable stocks that Yahoo Finance readers are viewing this morning: Micron MU https://finance.yahoo.com/quote/MU/ , Sandisk SNDK https://finance.yahoo.com/quote/SNDK/ , Intel INTC https://finance.yahoo.com/quote/INTC/ , SK Hynix SKHY https://finance.yahoo.com/quote/SKHY/ , Meta META https://finance.yahoo.com/quote/META/ , Bloom Energy BE https://finance.yahoo.com/quote/BE/ , Seagate Technology STX https://finance.yahoo.com/quote/STX/ . Click here for in-depth analysis of the latest stock market news and events moving stock prices Read the latest financial and business news from Yahoo Finance