Nasdaq slips as growth stocks retreat ahead of economic data
The Dow Jones Industrial Average rose 49.09 points, or 0.13%, at the open to 39,054.58.
The slipped at the open on Wednesday as rate-sensitive growth stocks eased ahead of economic data this week, which would provide more insight into the timing of the Federal Reserve's interest-rate cuts.The Industrial Average rose 49.09 points, or 0.13%, at the open to 39,054.58.
The S&P 500 opened lower by 1.78 points, or 0.03%, at 5,173.49, while the Nasdaq Composite dropped 45.53 points, or 0.28%, to 16,220.11 at the opening bell.
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Source: Stocks-Markets-Economic Times