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U.S. Stock Indices Open Lower

On May 21, U.S. stock markets opened with the Dow Jones down 0.27%, the S&P 500 down 0.39%, and the Nasdaq down 0.5%. Microsoft (MSFT.O) rose 1.1% amid reports that Anthropic is in talks to use its artificial intelligence chips. U.S. Rare Earths (USAR.O) increased by 2.7% as the company was selected for a pilot rare earth processing project by the U.S. Department of Energy. IBM (IBM.N) saw a 3% rise, as the company is set to receive $1 billion in government funding to advance quantum computing. NIO Inc. (NIO.N) surged 5%, reporting a 112.2% year-over-year increase in revenue for the first quarter.

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