Market

September 9, U.S. stocks opened on the back foot as investors weighed mixed tech moves and cautious sentiment ahead of key economic data. The Dow Jones slipped 0.6%, the S&P 500 shed 0.3% and the Nasdaq Composite dipped 0.4%, with index futures also pointing to a subdued start.

Among early movers, Meta Platforms, Inc. rallies 4.7% after lifting its ad-revenue outlook, while Nokia Oyj climbs 3.7% on a fresh 5G contract. Silicon Motion Technology advances 2.1% amid renewed takeover chatter, Tesla Motors adds 1.4% after upbeat August deliveries, Advanced Micro Devices gains 1.1% on new AI-chip optimism and Oracle rises 1.2% on cloud demand. On the downside, Alphabet falls 2.4% as antitrust risks mount, Amazon.com slips 2.1% following a brokerage downgrade and Grab Holdings drops 3.9% after a wider quarterly loss.

Weakness is broad across China ADRs: Bilibili Inc. falls 2.5%, Li Auto loses 1.9%, JD.com retreats 1.8%, XPeng Inc. declines 1.6%, NIO Inc. slips 1.6% and Alibaba gives up 1.5% as investors brace for fresh regulatory headlines. Energy ETFs fade alongside softer oil prices, while select crypto-linked names such as Strategy up 2.6% and Circle Internet Corp. up 2.2% outperform.

News

Meta Platforms lifts Q3 revenue guidance, shares surge. Management cited stronger advertiser demand and improving Reels monetization. Analysts said the outlook eases fears of a post-pandemic slowdown.

Nokia Oyj lands multiyear 5G build-out deal with a major U.S. wireless carrier. The pact strengthens Nokia’s North American footprint and is expected to add $1 billion in incremental sales.

Silicon Motion Technology receives new private-equity approach. Sources say preliminary talks value the flash-controller maker at a mid-single-digit billions figure, sparking a 2% pre-market pop.

Tesla Motors reports record August deliveries and confirms Cybertruck production remains on schedule. The update reassures investors after recent pricing volatility and supply-chain concerns.

Alphabet hit by expanded Justice Department probe into digital advertising dominance. The investigation raises the risk of structural remedies, pressuring the stock in early trade.

Amazon.com downgraded to Hold at a top Wall Street firm on margin squeeze worries. The analyst cited rising fulfillment costs and softer cloud growth; shares fell over 2% at the open.

U.S. initial jobless claims tick lower, underscoring labor-market resilience. The tighter jobs backdrop reinforces expectations that the Federal Reserve could keep rates elevated.

Oil prices retreat after API data show surprise inventory build. Energy equities lag broader markets as West Texas Intermediate slips below $82 a barrel.

Taiwan Semiconductor Manufacturing unveils roadmap for 1-nanometer chips. The breakthrough timeline sparks a bid in semiconductor bellwethers and equipment suppliers.

Senate panel advances bipartisan framework for artificial-intelligence regulation. The move boosts sentiment around AI leaders such as NVIDIA and Advanced Micro Devices amid expectations of clearer rules.