US: Nasdaq, S&P 500 open lower as Alphabet, AMD forecasts disappoint

THE tech-heavy Nasdaq led losses among the major Wall Street indexes at the open on Wednesday (Feb 5), following downbeat forecasts from Alphabet and AMD in a busy day for corporate earnings.

The Dow Jones Industrial Average rose 7.6 points, or 0.02 per cent, at the open to 44,563.63.

The S&P 500 fell 17.4 points, or 0.29 per cent, at the open to 6,020.45, while the Nasdaq Composite dropped 121.0 points, or 0.62 per cent, to 19,533.053 at the opening bell. REUTERS