NASDAQ index leading the way to the downside

the major US stock indices have open lower. The NASDAQ composite index leads the way to the downside. Chip stocks are down;

A snapshot of the major indices are showing:

  • S&P index -27.95 points or -0.98% at 2824.55
  • NASDAQ index -97.687 points or -1.09% at 8846.03
  • Dow industrial average -197.61 points or -0.84% at 23427.73

Chip stocks are leading the way to the downside:

  • Qualcomm, -5.02%
  • micron, -3.21%
  • Intel, -2.44%