Proactive Investors -
- Dow Jones to open around 15 points higher
- S&P flat, Nasdaq up 19 points
- Musk sues OpenAI and its founders
8:21am: Wall Street to open flat after record February
Wall Street is set to open relatively flat on Friday, with the Dow Jones around 15 points higher at 38,960, while the S&P 500 is stuck at 5,104.
Nasdaq's lead index is trading around 19 points at 18,102.
The indexes begin March after a bullish February, which saw both the Nasdaq and S&P 500 reach record highs, largely driven by the huge gains of tech companies like Nvidia, which rallied 25% last month.
Leading the pre-market movers are Adial Pharmaceuticals, which rallied 94% on the back of receiving a patent to treat opioid use disorder, Marathon Digital (NASDAQ:MARA) (-16.53%) and Advanced Micro Devices (NASDAQ:AMD) (+9%).
Also making a stir in the US is news that lawyers on behalf of Elon Musk filed a civil lawsuit against ChatGPT developer OpenAI and its founders.
Musk alleges that the founding principles of OpenAI as an organisation that would develop artificial general intelligence (AGI) “for the benefit of humanity” have been lost in favour of maximising shareholder profits.