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The three major U.S. stock indices started the trading session on a positive note. The Dow Jones Industrial Average climbed by 0.08%, the S&P 500 Index advanced 0.35%, and the Nasdaq Composite Index added 0.57%. BlackRock’s stock price witnessed a remarkable surge of over 8% after the company reported a net inflow of nearly $200 billion in the second quarter, propelling its total assets to surpass $15 trillion for the first time. Meanwhile, Alibaba’s stock price rose by 4%, as its Qianwen large model is set to be integrated as AI capabilities into Apple Intelligence. The performance of other popular tech stocks was a mixed bag, with SK Hynix experiencing a 6.66% drop, Micron Technology falling by 1.28%, Advanced Micro Devices rising by 1.39%, ASML increasing by 2.6%, Intel gaining 0.34%, and SanDisk declining by 1.95%.
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