U.S. stocks opened lower, with the Dow Jones Industrial Average down 0.2%, the S&P 500 down 1.1%, and the Nasdaq Composite down 2.2%. The sell-off in tech stocks continued, with Intel (INTC.O) plunging 25.7%, as the PC winter shattered recovery expectations and put pressure on free cash flow. Amazon (AMZN.O) fell 5.3%, with its Q4 outlook falling short of expectations. Nvidia (NVDA.O) fell 2.5%. A number of new cloud companies followed suit, with Nebius (NBIS.O) falling 7.3%. Gold and silver stocks fell sharply, while some oil stocks rallied, with Exxon Mobil (XOM.N) rising 1.5%.
