The three major U.S. stock indexes opened slightly higher, Reddit surged over 13%
Jinse Finance reported on May 1 that the Dow Jones Index rose 0.37%, the S&P 500 Index rose 0.36%, and the Nasdaq Composite Index rose 0.30%. The chip storage sector declined, with Western Digital dropping over 6% and SanDisk dropping over 3%. Social media platform Reddit surged more than 13%, as the company’s guidance for second-quarter revenue exceeded expectations. Online video game platform Roblox plunged more than 23%, as the company significantly lowered its annual subscription guidance.
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