S&P 500 and Nasdaq open lower as Iran tensions jolt sentiment, chip stocks slide

The S&P 500 and the Nasdaq opened lower on Monday, as a fresh escalation between the US and Iran in the Gulf pushed oil prices higher and unsettled investors, while chip stocks also came under pressure.

The Dow Jones Industrial Average rose 39.5 points, or 0.08 percent, at the open to 52676.53. The S&P 500 fell 27.9 points, or 0.37 percent, at the open to 7547.53​, while the Nasdaq Composite dropped 193.3 points, or 0.74 percent, to 26088.313 at the opening bell.

Reuters

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓