Dec 12 (Reuters) – The S&P 500 and the Nasdaq opened lower on Friday as Broadcom’s latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve’s less-hawkish-than-expected signals on 2026 rate cuts. At 09:30 a.m. ET, the Dow Jones Industrial Average rose 102.80 points, or 0.21%, to 48,806.81, the […]
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S&P 500, Nasdaq opens lower as Broadcom adds to AI bubble angst
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Dec 12 (Reuters) – The S&P 500 and the Nasdaq opened lower on Friday as Broadcom’s latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve’s less-hawkish-than-expected signals on 2026 rate cuts.
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 102.80 points, or 0.21%, to 48,806.81, the S&P 500 lost 10.85 points, or 0.16%, to 6,890.37 and the Nasdaq Composite lost 105.00 points, or 0.43%, to 23,491.12.
(Reporting by Pranav Kashyap; Editing by Tasim Zahid)