US: Nasdaq, S&P open higher as chips, megacaps rebound

THE Nasdaq and the S&P 500 rose at the open on Thursday (Jul 18), as megacaps regained ground and an upbeat forecast from Taiwan Semiconductor Manufacturing helped chip stocks recover from a sharp sell-off in the previous session.

The Dow Jones Industrial Average fell 41.52 points, or 0.10 per cent, at the open to 41,156.56.

The S&P 500 opened higher by 20.29 points, or 0.36 per cent, at 5,608.56, while the Nasdaq Composite gained 122.23 points, or 0.68 per cent, to 18,119.15 at the opening bell. REUTERS