Nasdaq index down -1.5%
The major indices are opening lower. The declines are being led by the NASDAQ index which is down about -1.5%. Intel is getting smashed by around 10% after reporting higher earnings but guiding lower and announcing a delay in their chip development.
The S&P index has turned negative for the week. It is also back negative for the year at -0.62%. The NASDAQ index which was pushing +20% for the year is now trading plus and 14.5% for the year.
A snapshot of the market currently shows:
- S&P index -20 points or -0.63% at 3215.08
- NASDAQ index -158 points or -1.52% at 10304
- Dow industrial average -158 points or -0.59% at 26492
Reprinted from forexlive, the copyright all reserved by the original author.
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