S&P 500, Nasdaq open higher on strong results from Nvidia, retailers
(Reuters) - The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.
The Dow Jones Industrial Average fell 29.36 points, or 0.08%, at the open to 35,901.69. The S&P 500 opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.
Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel
Our Standards: The Thomson Reuters Trust Principles.
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