Nasdaq Suffers Loss Amid Corporate Earnings Reports

The Nasdaq Composite experienced a decline at Wednesday's market open, driven by negative forecasts from Alphabet and AMD. While the Dow Jones Industrial Average showed a minor increase, both the S&P 500 and Nasdaq saw declines in points during a hectic corporate earnings period.


Devdiscourse News Desk | Updated: 05-02-2025 20:07 IST | Created: 05-02-2025 20:07 IST
Nasdaq Suffers Loss Amid Corporate Earnings Reports
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The Nasdaq Composite saw significant losses at the start of trading on Wednesday, affected by underwhelming forecasts from tech giants Alphabet and AMD amidst a flurry of corporate earnings reports.

The Dow Jones Industrial Average managed a modest rise, opening with an increase of 7.6 points, or 0.02%, reaching 44,563.63.

Meanwhile, the S&P 500 fell by 17.4 points, or 0.29%, to 6,020.45, and the tech-heavy Nasdaq Composite dropped by 121.0 points, or 0.62%, landing at 19,533.053 as the market opened.

(With inputs from agencies.)

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