On August 3, the three principal U.S. stock indices—the Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Composite Index—all opened on an upward trajectory. The Dow Jones Industrial Average experienced a notable uptick of 1.06%, while the S&P 500 Index followed suit with a 0.43% increase. The Nasdaq Composite Index, known for its heavy weighting in technology stocks, also climbed by 0.35%. Cloud computing companies were among the standout performers of the day, with Amazon's shares surging by 2.72%, propelling its market capitalization beyond the significant $3 trillion threshold. Other cloud-based enterprises, including Google-C and Microsoft, also witnessed an uptick in their stock prices. Conversely, stocks associated with AI hardware faced headwinds, as evidenced by the declines in shares of companies like Nvidia, TSMC, and Micron Technology.
