Stock Market Today: Dow Opens Higher, Micron Stock Slides as Investors Rotate Out of Chip Stocks — Live Updates - WSJ

Core Impact Points

• The Dow Jones Industrial Average opened higher, driven by strong earnings reports and falling oil prices.
• Investors are rotating out of chip stocks, with Micron Technology experiencing a significant slide.
• The Nasdaq Composite Index bounced back, with the S&P 500 and Dow rising as earnings and falling oil prices offset chip weakness.
• Wall Street's focus is shifting from AI stocks to less-loved sectors, with oil prices continuing to ease.
• The Nasdaq-100 index has entered a correction, with global chip and memory stocks experiencing significant sell-offs.
• The US stock market's performance has significant implications for US consumers and the economy, with a strong market boosting consumer confidence and driving economic growth.