S&P 500 and Nasdaq open lower after quarterly results; Snapchat leads the drops

The S&P 500 and the Nasdaq They opened lower on Friday morning after chipmaker Intel warned of shrinking profit margins, while Snap led declines among social media companies after noting an impact on advertising from privacy changes. from Apple.

The Industrial Average Dow Jones it was up 4.64 points, or 0.01%, at the open to 35,607.72 units.

The S&P 500 It fell 3.66 points, or 0.08%, to 4,546.12 points, although in the first trades it changed trend and hit a record high. Meanwhile, the Nasdaq Composite yielded 57.64 points, or 0.38%, to 15,158.07 units.

Intel reported lower-than-expected third-quarter revenue Thursday by Wall Street, while still lagging behind rivals in offering faster chips to meet demand for computing devices for hybrid work


Leave a Comment