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

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.

Reuters

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

By Reuters

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