The Nasdaq opened lower on Thursday as chip and data center stocks fell. The index dropped 198.95 points to 25,537.57 at the opening bell. While the Dow Jones Industrial Average rose, the S&P 500 also fell. Markets stayed muted after a rally followed the Democrats' sweeping midterm election victory recently.
Nov 5 (Reuters) - The Nasdaq opened lower on Thursday as losses in chip and data center-related stocks weighed, while broader markets were muted after a rally in the last session on the back of Democrats' sweeping midterm election victory.
The Dow Jones Industrial Average (.DJI), opens new tab rose 330.63 points, or 0.62%, at the open to 53,686.75. The S&P 500 (.SPX), opens new tab fell 12.86 points, or 0.17%, at the open to 7,675.76, while the Nasdaq Composite (.IXIC), opens new tab dropped 198.95 points, or 0.77%, to 25,537.57 at the opening bell.
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