US: S&P 500, Nasdaq slide after mixed pharma earnings; economic data in focus
Published Tue, Aug 1, 2023 · 09:50 PM
THE S&P 500 and the Nasdaq on Tuesday (Aug 1) opened lower ahead of manufacturing and job openings data that could clear the air on a soft landing for the US economy, while investors assessed mixed earnings from pharmaceutical heavyweights Merck and Pfizer.
The Dow Jones Industrial Average rose 26.46 points, or 0.07 per cent, at the open to 35,585.99.
The S&P 500 opened lower by 10.13 points, or 0.22 per cent, at 4,578.83, while the Nasdaq Composite dropped 71.09 points, or 0.50 per cent, to 14,274.93 at the opening bell. REUTERS
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