S&P 500, Nasdaq slide at open as Broadcom revenue miss dents chip stocks
The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record highs.
The Dow Jones Industrial Average rose 299.0 points, or 0.59%, at the open to 50,986.1. The S&P 500 fell 37.1 points, or 0.49%, at the open to 7,516.54, while the Nasdaq Composite dropped 274.7 points, or 1.02%, to 26,579.297 at the opening bell.
(Reporting by Medha Singh in Bengaluru; Editing by Devika Syamnath)
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This story was originally published June 4, 2026 at 6:34 AM.