US stocks opened on a mixed note as tech woes continued, impacting the Nasdaq Composite and S&P 500. The Dow Jones Industrial Average, less tech-heavy, saw gains. AI concerns persist post-Presidents Day, causing market jitters and affecting various sectors.

Earnings season is in its final stretch, with focus on Constellation Energy, Medtronic, and Palo Alto Networks. Walmart’s quarterly report on Thursday is a highlight. Paramount Skydance’s stock rose after Warner Bros. rejected their latest offer. Economic data readings delayed by the US shutdown will be released this week.

General Mills stock fell over lowered 2026 sales outlook. The company now expects a decline in organic sales and profits. Paramount and Warner Bros. are back in acquisition talks. Germany’s Hapag-Lloyd is acquiring ZIM for $4.2 billion. Masimo stock surged on reports of a potential $10 billion deal with Danaher.

The dollar gained as traders question market pricing for three Fed rate cuts. Gold hovers around $5,000 after a pullback from record highs. Activist Elliott builds a stake in Norwegian Cruise Line, pushing for changes. Stock pickers see opportunities in the market’s AI sell-off. Nvidia faces high expectations ahead of earnings report on February 25.

Read more at Yahoo Finance: Nasdaq, S&P 500 slide to kick off shortened week with AI fears in focus