India, July 1 -- The US stock market opened on a cautious note Wednesday, with the Nasdaq Composite leading losses as investors booked profits in technology and semiconductor stocks following a remarkable first-half rally. While broader market sentiment remains supported by optimism around artificial intelligence and resilient economic growth, traders are taking a breather ahead of key US jobs data and upcoming corporate earnings reports. Semiconductor stocks, which have driven much of this year's gains, faced renewed selling pressure during the morning session.

US Market Snapshot

Nasdaq Today

The Nasdaq Composite is trading down 0.33% at 26,127.35 as of 10:45 AM EDT. The tech-heavy benchmark is under pressure as investors rotate out o...