S&P 500 and Nasdaq fall at open on chip stock selloff
The S&P 500 and Nasdaq Composite declined at Tuesday's open as rising Treasury yields and a selloff in semiconductor stocks dampened investor sentiment. While the Dow Jones Industrial Average edged up slightly, inflation concerns continued to pressure the broader technology sector.
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The S&P 500 and Nasdaq Composite opened lower on Tuesday, pressured by a selloff in heavyweight chip stocks and lingering inflation concerns. The S&P 500 fell 27.3 points, or 0.37%, to 7375.75, while the Nasdaq Composite dropped 167.2 points, or 0.64%, to 25923.486. The Dow Jones Industrial Average rose 10.4 points, or 0.02%, to 49696.53 at the opening bell.
