US: Nasdaq slips as growth stocks retreat ahead of economic data
March 13, 2024 / /
THE Nasdaq slipped at the open on Wednesday (Mar 13) as rate-sensitive growth stocks eased ahead of economic data this week, which would provide more insight on the timing of the Federal Reserve’s interest-rate cuts.
The Dow Jones Industrial Average rose 49.09 points, or 0.13 per cent, at the open to 39,054.58.
The S&P 500 opened lower by 1.78 points, or 0.03 per cent, at 5,173.49, while the Nasdaq Composite dropped 45.53 points, or 0.28 per cent, to 16,220.11 at the opening bell. REUTERS
Posted in Technology
