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Google News-Jul 16, 01:56 PM
S&P 500, Nasdaq open lower as chip stocks weaken
The S&P 500 fell 13.6 points (0.18%) to 7,558.8 and the Nasdaq dropped 113.8 points (0.43%) to 26,155.40 at the opening bell on Thursday as chip stocks continued to weaken. In contrast, the Dow Jones Industrial Average rose 266.2 points (0.51%) to 52,924.86 at the open.
Why it matters: Investors are parsing fresh economic data for clues on the health of the economy amid the mixed market open.