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US: S&P 500, Nasdaq slip as tech valuation jitters resurface; federal reopening eyed

US: S&P 500, Nasdaq slip as tech valuation jitters resurface; federal reopening eyed

By Swedan Margen

Fashion

The S&P 500 and the Nasdaq opened lower on Tuesday (Nov 11) with concerns around elevated technology valuations resurfacing, while markets monitored progress towards the end of the longest government shutdown in US history.

The Dow Jones Industrial Average rose 15.9 points, or 0.03 per cent, at the open to 47,384.51.

The S&P 500 fell 16.8 points, or 0.25 per cent, at the open to 6,815.64, while the Nasdaq Composite dropped 119.5 points, or 0.51 per cent, to 23,407.723 at the opening bell. REUTERS

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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