US Opening Bell | Stocks open higher; Microsoft, Alphabet climb; Chip stocks rally

Market

July 27, U.S. stocks opened firmly in the green as investors welcomed upbeat Big Tech sentiment and resilient macro data. The Dow Jones advanced 1.13%, the S&P 500 rose 0.76% and the Nasdaq Composite added 0.96%, with risk appetite broad based across growth and value pockets.

ServiceNow surges 3.37%, Palantir Technologies climbs 2.83%, Datadog adds 2.68%, Microsoft gains 2.39%, Alphabet Class A rises 2.38%, ProShares UltraPro QQQ jumps 3.08% and SK hynix advances 2.60% as AI-related momentum fuels technology buying. On the downside, Tesla Motors slips 0.42% amid cautious chatter around delivery pricing.

Elsewhere, China Cord Blood rockets 34.58% after a strategic review update, Aurora Mobile rallies 7.50%, Jianpu Technology pops 7.78%, Kingsoft Cloud climbs 5.12% and Tencent Music lifts 4.18% as China ADRs extend a relief rebound. Semiconductor leveraged ETF Direxion Daily SOXL adds 2.54% while its bearish counterpart SOXS falls 2.46%, underscoring the sector’s upbeat tone.

News

Microsoft gains as Copilot subscription rolls out. Early demand for the AI add-on appears strong, reinforcing cloud revenue forecasts and lifting the stock over 2% at the bell.

Alphabet rallies on fresh AI search features. The company unveiled expanded generative results overnight, soothing concerns about competitive pressure and boosting shares more than 2%.

Palantir extends run after Pentagon contract win. A new multiyear defense analytics deal adds to the firm’s growing U.S. government backlog, pushing the stock up nearly 3%.

ServiceNow jumps on upbeat guidance hike. Management raised full-year subscription targets during an investor webcast, sending shares up more than 3% in early trade.

Datadog climbs as channel checks flag resilient demand. Several large resellers pointed to stable enterprise spending, helping the observability provider rise about 2.5%.

China Cord Blood soars on potential go-private proposal. The stem-cell firm confirmed preliminary talks with a consortium, catapulting the ADR more than 30%.

Tesla edges lower after fresh price cuts in Europe. Investors fret the move could squeeze margins further, nudging the shares down roughly 0.4%.

SK hynix ADRs rise on record HBM memory pricing. The supplier said next-gen chips will ship this quarter, boosting sentiment across the semiconductor complex.

Kingsoft Cloud rallies as break-even timeline pulled forward. Management now sees positive EBITDA by Q4, driving the stock up over 5%.

Taiwan Semiconductor inches higher on AI chip capacity update. The foundry reiterated plans to lift 3-nanometer output, supporting broader chip-equipment names at the open.