Nasdaq falls at open after midterms-fueled surge as chip, data center stocks fall
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nasdaq opened lower on Thursday as chip and data center stocks fell.
- ✓The index dropped 198.95 points to 25,537.57 at the opening bell.
- ✓While the Dow Jones Industrial Average rose, the S&P 500 also fell.
Story at a Glance
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- MARKET
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Nov 5 (Reuters) - The Nasdaq opened lower on Thursday as losses in chip and data center-related stocks weighed, while broader markets were muted after a rally in the last session on the back of Democrats' sweeping midterm election victory.
The Dow Jones Industrial Average (.DJI), opens new tab rose 330.63 points, or 0.62%, at the open to 53,686.75. The S&P 500 (.SPX), opens new tab fell 12.86 points, or 0.17%, at the open to 7,675.76, while the Nasdaq Composite (.IXIC), opens new tab dropped 198.95 points, or 0.77%, to 25,537.57 at the opening bell.
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Reporting by Shashwat Chauhan in Bengaluru; Editing by Maju Samuel
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Reuters
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