S&P 500 opens lower after bank earnings; chips weigh

Kitco Media
By Reuters
Published:
Updated:
Reuters
S&P 500 opens lower after bank earnings; chips weigh teaser image

Oct 13 (Reuters) - The S&P 500 and the ​Nasdaq opened lower on ‌Tuesday as chip stocks came under selling ​pressure again, ​while investors assessed a mixed ⁠set of ​quarterly results, including reports ​from big US banks.

The Dow Jones Industrial Average (.DJI), ​rose 242.4 points, ​or 0.47%, at the open ‌to ⁠52,092.99. The S&P 500 (.SPX), fell 12 points, or 0.15%, ​at ​the ⁠open to 7,795.27 while the ​Nasdaq Composite (.IXIC), dropped ​107.2 ⁠points, or 0.39%, to 27,138.729 at ⁠the ​opening bell.

Reporting ​by Purvi Agarwal in Bengaluru; ​Editing by Joyjeet Das

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