US: S&P 500, Nasdaq fall at open as Alphabet slides

THE Nasdaq and the S&P 500 opened lower on Wednesday (Oct 25) as tech giant Alphabet slumped after its cloud division missed revenue estimates, while other mega-cap stocks also edged lower pressured by rising US Treasury yields.

The S&P 500 opened lower by 15.26 points, or 0.36 per cent, at 4,232.42, while the Nasdaq Composite dropped 100.01 points, or 0.76 per cent, to 13,039.86 at the opening bell.

The Dow Jones Industrial Average rose 62.15 points, or 0.19 per cent, at the open to 33,203.53. REUTERS