The Dow Jones opened up 0.2%, the S&P 500 rose 0.2%, and the Nasdaq increased by 0.1%.

USA Rare Earth rose by 20.8%, with the Trump administration investing in this rare earth mining company. Revolution dropped by 21.1%, as Merck terminated its acquisition negotiations. Allied Gold rose by 3.5%, as the company agreed to be acquired by Zijin Mining Group, based in Hong Kong, for 5.5 billion Canadian dollars in cash. Kingsoft Cloud rose by 6.2%, as Xinglai Platform completed its strategic upgrade.