US stocks open: SpaceX and AMD plunge after earnings

Odaily Planet Daily News According to data from MSX.COM, the three major US stock indices opened slightly higher, with the Dow Jones Industrial Average up 0.67%, the S&P 500 up 0.64%, and the Nasdaq Composite Index up 0.42%. SpaceX fell 10% at the open, as its first post-listing earnings report showed narrowing AI losses but higher-than-expected spending. AMD dropped 6.5% after its third-quarter revenue guidance fell short of Wall Street's most optimistic expectations. Canadian e-commerce platform SHOPIFY rose 20% after posting better-than-expected second-quarter revenue.