S&P 500, Nasdaq open higher as chip stocks extend rally
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A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 15, 2026. REUTERS/Brendan McDermid
Jan 16 (Reuters) - The S&P 500 and the Nasdaq opened stronger on Friday as chipmakers returned to the driver's seat in a volatile week that also marked the start of the fourth-quarter earnings season.
The Dow Jones Industrial Average rose 24.3 points, or 0.05%, at the open to 49466.7. The S&P 500 rose 16.1 points, or 0.23%, to 6960.54 , while the Nasdaq Composite rose 109.7 points, or 0.47%, to 23639.687.
(Reporting by Medha Singh; Editing by Maju Samuel)
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