US Stocks Open Lower; S&P 500 Down 0.07%, Intel Falls Over 3%, Apple Over 2%
US stocks opened lower on August 10, with the S&P 500 down 0.07%, the Dow down 0.09%, and the Nasdaq down 0.08%. Intel fell over 3% after announcing a $15 billion stock offering, while Apple dropped over 2%. Movers included Meta, Microsoft, Sionna Therapeutics, and Archer Aviation.
US equities opened lower on August 10, with the Dow Jones Industrial Average down 0.09%, the S&P 500 down 0.04%, and the Nasdaq Composite down 0.04%. Intel fell more than 4% at the open after announcing a proposed $15 billion common stock offering. Apple dropped over 2%. Meanwhile, Meta rose more than 1% after releasing a lightweight artificial intelligence model that can run on a single card. Microsoft gained over 1% and plans to launch its next-generation MAIA 300 AI chip in September, with a significant increase in AI chip production. Sionna Therapeutics plunged over 90% after its phase 2a clinical trial for a cystic fibrosis drug failed. Archer Aviation surged more than 12% as Boeing plans to invest in and collaborate with the company.