Home Economy News Nasdaq slips as growth stocks retreat ahead of economic data

Nasdaq slips as growth stocks retreat ahead of economic data


Nasdaq slips as growth stocks retreat ahead of economic data By Reuters

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Published Mar 13, 2024 05:37AM ET
Updated Mar 13, 2024 09:40AM ET

© Reuters. FILE PHOTO: A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. REUTERS/Brendan McDermid

(Reuters) – The Nasdaq slipped at the open on Wednesday as rate-sensitive growth stocks eased ahead of economic data this week, which would provide more insight on the timing of the Federal Reserve’s interest-rate cuts.

The Dow Jones Industrial Average rose 49.09 points, or 0.13%, at the open to 39,054.58. The S&P 500 opened lower by 1.78 points, or 0.03%, at 5,173.49, while the Nasdaq Composite dropped 45.53 points, or 0.28%, to 16,220.11 at the opening bell.

Nasdaq slips as growth stocks retreat ahead of economic data

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