Nasdaq and S&P 500 Recover at Open Amid Chip Stock Rebound

The Nasdaq and S&P 500 witnessed an upswing at the opening on Thursday, fueled by gains in megacap stocks and a positive outlook from Taiwan Semiconductor Manufacturing, which helped chip stocks bounce back from a previous day's dip. Meanwhile, the Dow Jones saw a slight decline.

The Nasdaq and the S&P 500 experienced an uptick at the market's opening on Thursday, as megacap stocks made a recovery and an encouraging forecast from Taiwan Semiconductor Manufacturing bolstered chip stocks. The semiconductor sector had seen a sharp sell-off in the previous session.

Meanwhile, the Dow Jones Industrial Average witnessed a minor dip, falling by 41.52 points, or 0.10%, to 41,156.56 at the market's opening bell.

The S&P 500 initiated trading with a rise of 20.29 points, or 0.36%, to reach 5,608.56, while the Nasdaq Composite saw a gain of 122.23 points, or 0.68%, bringing it to 18,119.15 at the start of the trading day.

(With inputs from agencies.)