US stock markets opened higher on Thursday, with the Dow Jones Industrial Average and Nasdaq Composite posting early gains as investor sentiment improved following a volatile week for technology shares.
The broad-based advance suggests that the recent sell-off in tech-heavy indices may be finding a floor, at least in the short term.
The positive tone was largely driven by Micron Technology’s solid earnings report released the previous day.
The memory chipmaker’s results helped restore confidence in the semiconductor sector, which had been under pressure amid broader tech volatility.
Additionally, US economic data released in the session came in line with expectations, providing a stable macroeconomic backdrop that supported the rally.
This marks a shift from the mixed signals seen in Asian equity markets earlier in the week, where healthcare shares outperformed while technology names with heavy exposure to global supply chains lagged.