The three major U.S. stock indices opened slightly higher, Reddit surged over 13%

Golden Finance reports that on May 1st, the Dow Jones Industrial Average rose 0.37%, the S&P 500 increased 0.36%, and the Nasdaq Composite gained 0.30%. The chip storage sector declined, with Western Digital dropping over 6% and SanDisk falling more than 3%. Social media platform Reddit surged over 13%, with the company’s second-quarter revenue guidance exceeding expectations. Online video game platform Roblox plummeted over 23%, as the company significantly lowered its annual subscription guidance.

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