The S&P 500 and Nasdaq opened lower on Tuesday as chip stocks faced selling pressure. The S&P 500 fell 12 points to 7,795.27, while the Nasdaq dropped 107.2 points. Investors assessed mixed quarterly results from big US banks. Meanwhile, the Dow Jones Industrial Average rose 242.4 points at the open.
Oct 13 (Reuters) - The S&P 500 and the Nasdaq opened lower on Tuesday as chip stocks came under selling pressure again, while investors assessed a mixed set of quarterly results, including reports from big US banks.
The Dow Jones Industrial Average (.DJI), opens new tab rose 242.4 points, or 0.47%, at the open to 52,092.99. The S&P 500 (.SPX), opens new tab fell 12 points, or 0.15%, at the open to 7,795.27 while the Nasdaq Composite (.IXIC), opens new tab dropped 107.2 points, or 0.39%, to 27,138.729 at the opening bell.
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