S&P 500, Nasdaq open higher as chip stocks gain

[NEW YORK] The S&P 500 and the Nasdaq edged higher at the open on Thursday (Jul 9), as gains in chip stocks helped offset renewed geopolitical jitters after fresh exchange of attacks threatened to prolong the US-Iran conflict and keep markets volatile.

The Dow Jones Industrial Average fell 98.9 points, or 0.19 per cent, at the open to 52,249.44.

The S&P 500 rose 8.9 points, or 0.12 per cent, at the open to 7,491.6​ while the Nasdaq Composite rose 47.7 points, or 0.18 per cent, to 25,918.311 at the opening bell. REUTERS