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Wall Street opens lower as Nvidia hammers tech stocks

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Reuters
Last Updated : Nov 16 2018 | 8:56 PM IST

(Reuters) - U.S. stocks opened lower on Friday, as technology companies suffered sharp losses following disappointing forecasts from chip companies Nvidia and Applied Materials.

The Dow Jones Industrial Average fell 46.92 points, or 0.19 percent, at the open to 25,242.35. The S&P 500 opened lower by 11.66 points, or 0.43 percent, at 2,718.54. The Nasdaq Composite dropped 65.43 points, or 0.90 percent, to 7,193.60 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 16 2018 | 8:54 PM IST

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