Nasdaq falls at open after midterms-fuelled surge as chip, data centre stocks fall

THE Nasdaq opened lower on Thursday (Nov 5) as losses in chip and data centre-related stocks weighed, while broader markets were muted after a rally in the last session on the back of Democrats’ sweeping midterm election victory.

The Dow Jones Industrial Average rose 330.63 points, or 0.62 per cent, at the open to 53,686.75. The S&P 500 fell 12.86 points, or 0.17 per cent, at the open to 7,675.76, while the Nasdaq Composite dropped 198.95 points, or 0.77 per cent, to 25,537.57 at the opening bell. REUTERS