Dow Jones Opens Mixed as Consumer Stocks Slide, AI Shares Rally

The Dow Jones Industrial Average opened mixed on November 11, trading at 52,168.19, down 63.70 points, as declines in consumer and healthcare stocks weighed on the index. Consumer-related and healthcare stocks led the selloff, while AI-linked shares gained momentum. CoreWeave, a cloud service provider for artificial intelligence, surged after reporting strong quarterly results, boosting semiconductor and other AI-related stocks. The October U.S. Consumer Price Index exceeded market expectations, and Federal Reserve officials signaled the need for tighter policy, raising rate hike concerns. CoreWeave's revenue and backlog beat forecasts, while reports of Anthropic's IPO price increase fueled broader AI investment interest.