Major US stock markets opened lower on Friday closing out a volatile week that saw the S&P 500’s best day since 2022 on Thursday.
During the day, news broke that TSMC reported strong July revenue, which showed an increase of nearly 45% year-over-year. In addition, Paramount Global rose more than 6% after posting adjusted earnings that beat estimates and announcing that it will cut 15% of its US workforce.
The Dow Jones lost 0.23% at 9:30 am ET, with Intel declining 2.00%. The Nasdaq 100 fell 0.18%, and ASML ADR was leading the losses, decreasing by 2.39%. A minute later, the S&P 500 declined 0.08%, as Insulet dropped by 12.76%.
The euro was flat against the dollar at 9:27 am ET, selling for $1.09217.
Leave A Comment