US: S&P 500, Nasdaq opens lower after Intel's margin warning

[NEW YORK] The S&P 500 and the Nasdaq opened lower on Friday after chipmaker Intel warned of lower profit margins, while Snap led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.

The Dow Jones Industrial Average rose 4.64 points or 0.01 per cent at the open to 35,607.72.

The S&P 500 opened lower by 3.66 points or 0.08 per cent at 4,546.12 while the Nasdaq Composite dropped 57.64 points or 0.38 per cent to 15,158.07 at the opening bell.

REUTERS