(Reuters) - The Nasdaq Composite opened lower on Friday as weak forecasts from Applied Materials and Nvidia weighed on chip stocks, while rising crude prices boosted energy stocks and helped the S&P and the Dow Industrials cut their losses.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13, 2018. REUTERS/Brendan McDermid
The Dow Jones Industrial Average .DJI dipped 7.93 points, or 0.03 percent, at the open to 25,550.80, while the S&P 500 .SPX edged lower by 2.37 points, or 0.08 percent, at 2,838.32.
The Nasdaq Composite .IXIC dropped 19.88 points, or 0.25 percent, to 7,786.64 at the opening bell.
Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur
