S&P 500, Nasdaq opens lower as Broadcom adds to AI bubble angst

The S&P 500 and the Nasdaq opened lower on Friday as Broadcom's latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve's less-hawkish-than-expected signals on 2026 rate cuts.

At 09:30 a.m. ET, the Dow Jones Industrial Average rose 102.80 points, or 0.21 percent, to 48,806.81, the S&P 500 lost 10.85 points, or 0.16 percent, to 6,890.37 and the Nasdaq Composite lost 105.00 points, or 0.43 percent, to 23,491.12.

Reuters