The Dow Jones opened down 0.2%, the S&P 500 fell 0.2%, and the Nasdaq dropped 0.3%.

Qualcomm rose 7.5%, while Apple fell 1.5%. Some analysts said OpenAI is collaborating with Qualcomm to develop smartphone processors. Seagate rose 2.2% and Western Digital rose 2.3%, as Bank of America significantly raised the target prices for both storage companies. Organon surged 17.1% as it will be acquired by India's Sun Pharmaceutical Industries. Domino's Pizza fell 7.4% as its sales in the US market failed to meet expectations. Campbell Soup dropped 2.4% as Bernstein downgraded its stock rating from outperforming the market to market perform.