Nasdaq, S&P 500 Slide at Open as Tesla, Netflix Drag

Nasdaq, S&P 500 Slide at Open as Tesla, Netflix Drag
A Wall Street sign is pictured outside the New York Stock Exchange in New York on Oct. 28, 2013. (Carlo Allegri/Reuters)
Reuters
7/20/2023
Updated:
7/20/2023
0:00

The tech-heavy Nasdaq and the S&P 500 fell on Thursday, dragged down by Tesla over price cut concerns, while Netflix slid after its quarterly revenue missed analysts’ estimates.

The Dow Jones Industrial Average rose 30.77 points, or 0.09 percent, at the open to 35,091.98.

The S&P 500 opened lower by 11.34 points, or 0.25 percent, at 4,554.38, while the Nasdaq Composite dropped 84.72 points, or 0.59 percent, to 14,273.29 at the opening bell.