S&P 500, Dow open slightly lower, chips support Nasdaq
FILE PHOTO: A trader works at the New York Stock Exchange in New York, U.S., January 2, 2020. REUTERS/Bryan R Smith
The three main U.S. indexes on Monday rebounded from early losses that was sparked by a rush to safe-haven assets following the killing of a top Iranian general last week by the United States. Helping the tech-heavy Nasdaq futures outperform on Tuesday, Micron Technology Inc rose 3.1% in premarket trading after Cowen & Co upgraded the chipmaker to “outperform” on earlier-than-expected recovery in memory market.
Tesla Inc gained 1.9% after the company launched its Model Y electric sports utility vehicle program at its new Shanghai factory.
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