On January 2nd, the S&P 500, Nasdaq, and Dow Jones indexes had mixed performances, with the S&P and Dow rising and the Nasdaq slipping slightly. The Dow was boosted by cyclical and industrial strength, while the Nasdaq saw some tech softness. Semiconductor stocks rallied on positive AI demand outlook.

Investors saw Sandisk up 16%, ASML up 9%, and Intel up 7% due to optimism about AI spending. Tesla stock fell 3% as vehicle deliveries disappointed, and BYD became the top electric vehicle seller. Greg Abel officially took over Berkshire Hathaway from Warren Buffett on his first trading day.

For investors looking to capitalize on market opportunities, Stock Advisor shared the 10 best stocks to buy right now with a total average return of 974%, significantly outperforming the S&P 500.

Read more at Nasdaq.: Stock Market Today, Jan. 2: Dow Climbs After Industrials Outperform on Rotation Away From Mega Cap Tech