U.S. stocks opened with mixed performance on Tuesday, as major indices showed modest divergence at the opening bell. The Dow Jones Industrial Average dipped 0.05%, while both the S&P 500 and Nasdaq Composite edged up 0.15%, reflecting cautious optimism in tech-heavy sectors despite broader market uncertainty.
Notable movers included Tencent Music (TME), which surged over 4% after announcing a $1.26 billion deal to acquire Himalaya Holdings, expanding its audio content ecosystem. Novo Nordisk (NVO) gained more than 3% following reports that activist hedge fund Parvus had significantly increased its stake, fueling speculation about potential strategic shifts. TSMC (TSM) rose over 2% after reporting a robust 39.6% year-on-year revenue jump in May, reinforcing confidence in semiconductor demand.
The market’s opening moves suggest selective bullishness in growth sectors, particularly around M&A activity and earnings momentum, while broader indices remain range-bound ahead of key economic data later this week.
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