Wall Street: S&P 500, Nasdaq edge lower as chip stocks dip, big tech earnings in focus
AI Summary
The S&P 500 and Nasdaq experienced declines on Wednesday, primarily driven by falling chip stocks and anticipation of upcoming Big Tech earnings reports. The Dow Jones Industrial Average, however, managed a slight increase of 0.12%. Investors should remain cautious as market sentiment appears mixed ahead of key earnings announcements.
The S&P 500 and the Nasdaq edged lower on Wednesday as chip stocks declined and ahead of the first batch of Big Tech earnings.
At the open, the Dow Jones Industrial Average rose 62.5 points, or 0.12%, to 52287.14. The S&P 500 fell 11.7 points, or 0.16%, to 7497.47, while the Nasdaq Composite dropped 143.5 points, or 0.56%, to 25693.719.
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