The U.S. stock market opened with positive momentum, as major indices showed gains. According to ChainCatcher, the Dow Jones Industrial Average increased by 0.5%, the S&P 500 rose by 0.65%, and the Nasdaq Composite climbed by 0.95%. Alibaba's shares surged over 4% following the company's announcement of plans to initiate an IPO for its AI chip manufacturing division, Pingtouge. Meanwhile, Procter & Gamble saw a 1.8% rise in its stock value, whereas Abbott Laboratories experienced a decline of over 10% due to significant reductions in both revenue and net profit.

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