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Nasdaq slips as growth stocks retreat ahead of economic data

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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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