US: S&P 500 opens flat, Qualcomm weighs on Nasdaq

[NEW YORK] S&P 500 opened little changed on Thursday, while the Dow rebounded after two days of sharp losses on strong labor market data, though weakness in Qualcomm shares in the wake of its results weighed on the Nasdaq.

The Dow Jones industrial average rose 40.91 points, or 0.24 per cent, to 17,232.28, the S&P 500 gained 1.98 points, or 0.1 per cent, to 2,004.14 and the Nasdaq Composite dropped 4.71 points, or 0.1 per cent, to 4,633.29.

REUTERS