US: Nasdaq opens lower as tech selloff continues

[NEW YORK] The Nasdaq Composite index opened lower on Tuesday as selloff in tech stocks continued for the second day, while the Dow was higher as investors looked to profit from stocks that would benefit more from potential corporate tax cuts.

The Dow Jones Industrial Average rose 54.91 points, or 0.23 per cent, to 24,344.96. The S&P 500 lost 0.02 points, or 0.000758 per cent, to 2,639.42. The Nasdaq Composite dropped 18.40 points, or 0.27 per cent, to 6,756.97.

REUTERS