off-the-wire

SNAPSHOT Nasdaq drops as Nvidia, chips drag; inflation data in focus

Kitco Media
By Reuters
Published:
Updated:
Reuters
SNAPSHOT Nasdaq drops as Nvidia, chips drag; inflation data in focus teaser image

June 24 (Reuters) - The Nasdaq opened lower on Monday after Nvidia and some other chip stocks remained under selling pressure, with investors on tenterhooks as a key inflation print this week is set to further shape bets over the timing and quantum of rate cuts this year.

The Dow Jones Industrial Average (.DJI), opens new tab rose 34.16 points, or 0.09%, at the open to 39,184.49. The S&P 500 (.SPX), opens new tab opened lower by 5.04 points, or 0.09%, at 5,459.58, while the Nasdaq Composite (.IXIC), opens new tab dropped 49.10 points, or 0.28%, to 17,640.26 at the opening bell.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.