The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Wed, Oct 25, 2023 · 09:49 PM
    • 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 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. PHOTO: REUTERS

    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

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesS&P 500Nasdaq

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    Bali’s property market has been on a tear since the pandemic, with the tourism rebound and strong foreign demand driving prices higher.

    Can Bali swop beach capital for global capital without the skyscrapers?

    Stripe’s Tyler Bryson says he sees an opportunity for the firm to provide different billing systems for AI firms, as demand continuously increases.

    Stripe’s Apac business should grow faster than any other region, says its chief revenue officer

    “I consider myself lucky. I don’t consider myself successful,” says Ng Yih Pyng, the second-generation leader of Tomei Consolidated.

    What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More