Aug 6 (Reuters) – The benchmark S&P 500 and the Nasdaq opened lower on Thursday, weighed by a drop in technology stocks as strong forecasts from Western Digital and Sandisk failed to impress, while investors also awaited details on a Middle East peace deal. The Dow Jones Industrial Average rose 77.7 points, or 0.14%, at […]
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S&P 500, Nasdaq open lower as tech stocks weigh; MidEast in focus
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Aug 6 (Reuters) – The benchmark S&P 500 and the Nasdaq opened lower on Thursday, weighed by a drop in technology stocks as strong forecasts from Western Digital and Sandisk failed to impress, while investors also awaited details on a Middle East peace deal.
The Dow Jones Industrial Average rose 77.7 points, or 0.14%, at the open to 54,426.85. The S&P 500 fell 9.8 points, or 0.13%, at the open to 7,713.79, while the Nasdaq Composite dropped 94.6 points, or 0.36%, to 26,268.843 at the opening bell.
(Reporting by Johann M Cherian in Bengaluru; Editing by Devika Syamnath)