The U.S. stock market opened with the Dow Jones Industrial Average up 0.5%, the S&P 500 Index up 0.65%, and the Nasdaq up 0.95%. Alibaba (BABA.N) rose over 4% as the company plans to have its AI chip manufacturing division 'Pingtouge' go public. Procter & Gamble (PG.N) gained 1.8%, while Abbott Laboratories (ABT.N) dropped over 10% as the company's revenue and net profit both shrank significantly.