Stock market today: Dow rallies, S&P 500 and Nasdaq fall after tech-led losses, with Google earnings on deck

Market Overview - US stocks opened mixed, with the Dow Jones Industrial Average rising approximately 0.5%, while the S&P 500 slipped slightly below the flatline and the Nasdaq Composite fell around 0.6% due to a tech-led sell-off [1] - Wall Street is experiencing a recovery phase after fears of AI disruption led to a sell-off in software stocks, impacting global markets in Europe and Asia [2] Earnings Focus - The market is closely watching earnings reports from Alphabet and Arm Holdings, with particular attention on AI demand, followed by Amazon's quarterly report [3] - JPMorgan indicated that even strong earnings may not suffice to reassure the market unless companies can demonstrate that AI will act as a tailwind rather than a headwind [4] Sector Performance - Eli Lilly's stock surged after a positive 2026 profit forecast driven by high demand for weight-loss drugs, while Novo Nordisk's shares fell sharply due to a forecasted decline in sales [5] - Chipotle's stock declined following another quarter of reduced customer traffic, whereas Supermicro's shares increased after raising its annual sales forecast [6] Commodity Trends - Gold prices continued to rise, surpassing $5,000 an ounce, as geopolitical tensions prompted a search for safe-haven assets [6]