US: Apple, Amazon knock S&P 500, Nasdaq off record peak at open

[NEW YORK] The S&P 500 and the Nasdaq indexes dropped from record highs at open on Friday, as results from mega-cap firms Apple and Amazon.com reignited concerns of labour and supply shortages that have been at the forefront of this quarterly earnings season.

The Dow Jones Industrial Average fell 18.20 points or 0.05 per cent at the open to 35,712.28.

The S&P 500 opened lower by 23.55 points or 0.51 per cent at 4,572.87 while the Nasdaq Composite dropped 124.83 points or 0.81 per cent to 15,323.29 at the opening bell.

REUTERS