U.S. stock market opens, Dow Jones up 0.5%, Alibaba rises over 4% plans IPO

According to Jinshi News, U.S. stocks opened with the Dow Jones Industrial Average up 0.5%, the S&P 500 up 0.65%, and the Nasdaq Composite up 0.95%. Alibaba (BABA.N) rose over 4%, as the company plans to have its AI chip manufacturing division "Pingtouge" go public. Procter & Gamble (PG.N) increased by 1.8%, while Abbott (ABT.N) fell over 10%, with the company's revenue and net profit significantly shrinking.