S&P, Dow open flat as Mideast jitters ease, Netflix weighs on Nasdaq
The Dow Jones Industrial Average rose 26.60 points, or 0.07%, at the open to 37,801.98.
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The Dow Jones Industrial Average rose 26.60 points, or 0.07%, at the open to 37,801.98.
The Dow Jones Industrial Average rose 93.90 points, or 0.25%, at the open to 37,847.21.
Both the S&P 500 and the Nasdaq are nearly 4% off from record high levels reached last month, as traders sharply readjusted their expectations of how much the Fed would cut rates this year.
Dow & S&P 500 faced weekly losses as megacap stocks and chipmakers retreated. Banks reported lower profits. Tech giants like Nvidia, Tesla, Meta Platforms saw declines. Chinese officials\’ chip phase-out impacted Advanced Micro Devices and Intel.
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