Nasdaq opens higher as chips pare losses, rate-hike fears linger
SPY•The Nasdaq rose 1.23% at the open as chip stocks recovered some losses, while the Dow fell 0.94% and the S&P 500 gained 0.26%. The jobs report raised interest-rate hike concerns.
SPY•The Nasdaq rose 1.23% at the open as chip stocks recovered some losses, while the Dow fell 0.94% and the S&P 500 gained 0.26%. The jobs report raised interest-rate hike concerns.
The Nasdaq opened higher on Friday as chip stocks pared losses from a sharp selloff driven by fears that a Democratic-led Congress could bring tougher AI regulation. At the open, the Dow fell 486.37 points to 51,036.69, the S&P 500 rose 19.44 points to 7,373.17, and the Nasdaq gained 299.54 points to 24,614.53.