Overview
- At the opening bell, the Dow fell 74.3 points to 48,636.63, the S&P 500 slipped 26.3 points to 6,903.6, and the Nasdaq dropped 178.4 points to 23,414.679, according to Reuters.
- Heavyweight technology shares led the retreat, with NDTV reporting Nvidia down about 2.2% and Tesla off roughly 1.8% in early trading.
- AP also cited pressure on chip names, noting Nvidia lower and Broadcom down 1.3% in morning trade.
- Reporters characterized the move as a pause following last week’s advance that pushed the S&P 500 to fresh highs.
- By around 10 a.m. ET, AP reported the S&P 500 down about 0.4% and the Nasdaq off roughly 0.6%, while oil rose, energy stocks gained, gold pulled back, and the 10-year Treasury yield edged to 4.12%.