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US: Nasdaq, S&P open higher as chips, megacaps rebound

by Riah Marton
in Technology
US: Nasdaq, S&P open higher as chips, megacaps rebound
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THE Nasdaq and the S&P 500 rose at the open on Thursday (Jul 18), as megacaps regained ground and an upbeat forecast from Taiwan Semiconductor Manufacturing helped chip stocks recover from a sharp sell-off in the previous session.

The Dow Jones Industrial Average fell 41.52 points, or 0.10 per cent, at the open to 41,156.56.

The S&P 500 opened higher by 20.29 points, or 0.36 per cent, at 5,608.56, while the Nasdaq Composite gained 122.23 points, or 0.68 per cent, to 18,119.15 at the opening bell. REUTERS

Tags: chipsHigherMegacapsNasdaqOpenRebound
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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