S&P 500, Nasdaq opens lower after Intel’s margin warning
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October 22, 2021
(Reuters) – The S&P 500 and the Nasdaq opened lower on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.
The Dow Jones Industrial Average rose 4.64 points, or 0.01%, at the open to 35,607.72.
The S&P 500 opened lower by 3.66 points, or 0.08%, at 4,546.12, while the Nasdaq Composite dropped 57.64 points, or 0.38%, to 15,158.07 at the opening bell.
(Reporting by Devik Jain in Bengaluru; Editing by Arun Koyyur)
Source Link S&P 500, Nasdaq opens lower after Intel’s margin warning
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
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