US STOCKS SNAPSHOT-S&P 500, Nasdaq slip at open after solid jobs data fuels hawkish Fed fears; chip stocks fall

Dow Jones Industrial Average
S&P 500 index
NASDAQ

Dow Jones Industrial Average

DJI

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S&P 500 index

SPX

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NASDAQ

IXIC

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June 5 (Reuters) - The S&P 500 and the Nasdaq dropped at market open on Thursday as chip stocks eased after a sharp rally, while a strong jobs report reinforced expectations of tighter monetary policy.

The Dow Jones Industrial Average .DJI rose 48.1 points, or 0.09%, at the open to 51610.02. The S&P 500 .SPX fell 47.0 points, or 0.62%, at the open to 7537.36​, while the Nasdaq Composite .IXIC dropped 294.4 points, or 1.10%, to 26,536.593 at the opening bell.


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