Key facts
- The S&P 500 and Nasdaq Composite opened higher on Thursday.
- Chip stocks saw gains, helping to offset geopolitical concerns.
- The Dow Jones Industrial Average opened lower.
- Renewed exchange of attacks between the US and Iran contributed to market volatility.
The S&P 500 and Nasdaq Composite edged higher at the open on Thursday, with gains in chip stocks providing support. However, renewed geopolitical tensions stemming from an exchange of attacks that threatened to prolong the U.S.-Iran conflict introduced volatility to the markets.
The Dow Jones Industrial Average fell 98.9 points, or 0.19%, to 52,249.44 at the open. The S&P 500 rose 8.9 points, or 0.12%, to 7,491.6, while the Nasdaq Composite gained 47.7 points, or 0.18%, to 25,918.311 at the opening bell.