US: Wall St opens lower after economic data; Micron dents chip stocks
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US main stock indexes slipped at the open on Thursday (Jun 27) as a slump in Micron after a lacklustre forecast weighed on some semiconductor stocks, while investors parsed a string of economic data ahead of this week’s crucial inflation report.
The Dow Jones Industrial Average fell 20.70 points, or 0.05 per cent, at the open to 39,107.10.
The S&P 500 opened lower by 4.31 points, or 0.08 per cent, at 5,473.59, while the Nasdaq Composite dropped 11.20 points, or 0.06 per cent, to 17,793.95 at the opening bell. REUTERS
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