US Stock Market Today: S&P 500, Nasdaq Open Little Changed; Intel Stock Down 2%

The main US stock market indices opened on a not-so-merry note on Christmas eve and stayed little changed.

The S&P 500 opened flat at 6,909.51, tech-heavy Nasdaq composite opened on a similar note at 23,561.38, while Dow Jones Industrial Average fell 0.08% or 39.88 points to 48,402.53.

Intel Corp.'s stock traded 2.17% lower at $35.56 after Nvidia reportedly stopped a test to use the company's production process to make advanced chips.

As of 10:05 a.m., EST or local time Dow Jones gained 0.22% or 108 points to trade at 48,550.41; S&P 500 traded 0.08% or 6.04 points higher at 6,915.90 and Nasdaq edged 0.05% or 13.02 points lower at 23,552.13.

Of the magnificent seven stock, bellwether company Nvidia Corp. was down 0.8% to $187.87, Apple Inc. was up 0.5% at $273.73, Google-parent Alphabet Inc. was down 0.48% at $312.97, Tesla Inc. fell 0.83% to $481.49 and Meta Platforms was up 0.11% at $665.95.

Besides this, Amazon Inc. traded little changed at $232.13 and Microsoft Corp. traded 0.10% lower at $486.39.

After the US markets opened, five out of the 11 sectoral indices traded in the green and six traded in the red. Gains were led by healthcare and consumer staples sectors, whereas the energy sector and communications sector were the major drags.

Spot gold prices ticked 0.45% lower to trade at $4,464.52 an ounce, whereas the crude basket saw an uptick with West Texas Intermediate trading 0.27% higher at $58.54 a barrel and Brent Crude trading 0.19% higher at $62.49.

The Bloomberg Dollar Spot Index weakened against global currencies and fell 0.1%. The euro fell 0.1% to $1.1782, British pound was little changed at $1.3505, and the Japanese yen edged 0.2% to 155.95 per dollar.

Bitcoin, the largest traded cryptocurrency, fell 0.5% to $87,199.65