US stocks today: US stocks open higher as chip shares recover

US stock markets opened higher on the day, with the S&P 500 rising 23.7 points (0.32%) to 7,506.96 and the Nasdaq Composite climbing 166.9 points (0.65%) to 25,999.61, led by a recovery in chip shares. The Dow Jones Industrial Average was the only decliner, edging down 71.6 points (0.14%) to 52,828.45. The positive global cues may support Indian indices at open.