Nasdaq, S&P 500 open higher as Nvidia firms after selloff
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. REUTERS/Brendan McDermid
(Reuters) - The Nasdaq and the S&P 500 opened higher on Tuesday as Nvidia and some other AI-linked stocks rose after bruising selloffs, while investors awaited further cues on monetary policy path based on remarks by Federal Reserve officials and economic data this week.
The Dow Jones Industrial Average fell 12.42 points, or 0.03%, at the open to 39,398.79. The S&P 500 opened higher by 12.86 points, or 0.24%, at 5,460.73, while the Nasdaq Composite gained 75.34 points, or 0.43%, to 17,572.16 at the opening bell.
(Reporting by Ankika Biswas in Bengaluru; Editing by Maju Samuel)