The three major New York stock indexes opened mixed on the 10th, local time, as armed clashes between the United States and Iran flared again.
As of 10:20 a.m., on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average was up 79.20 points from the previous session at 50,256.26. The Standard & Poor's (S&P) 500 also traded at 7,553.52, up 0.13 points, extending a limited rise. In contrast, the Nasdaq composite was down 111.79 points at 26,095.10.
In the market, the recently reignited military clashes between the United States and Iran are cited as a major factor denting investor sentiment. After the United States carried out additional strikes on military facilities in Iran, Iran said it attacked U.S. military-related facilities in the Gulf region, erasing the easing tensions that had persisted for a while.
As tit-for-tat responses continue, Middle East–origin geopolitical risks are again emerging as a major risk factor for global financial markets.
By stock, gains in cryptocurrency-related shares stand out. On the back of rising bitcoin prices, Strategy rose more than 5.1%, and Coinbase is up about 3.1%.
Chip stocks are under profit-taking pressure after a sharp rebound the previous day. Nvidia rose 0.33% to $203.44, but Micron fell 3.14% and Broadcom slipped 0.99%.
Meanwhile, SK hynix held an "opening bell" ceremony at the Nasdaq MarketSite to mark the listing of its American depository receipts (ADR).