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S&P 500 muted as industrials counter tech drag; US-Iran peace prospects rise
['Avinash', 'P', 'Purvi Agarwal', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
By Avinash P and Purvi AgarwalAug 11 (Reuters) - The S&P 500 and Nasdaq slipped in choppy trading on Tuesday, weighed down by heavyweight tech stocks, as investors assessed a report suggesting the United States and Iran were close to "some sort of an arrangement".
At 9:52 a.m. ET, the Dow Jones Industrial Average rose 221.79 points, or 0.41%, to 54,197.77, while the S&P 500 lost 2.27 points, or 0.03%, to 7,750.84 and the Nasdaq Composite slipped 92.18 points, or 0.35%, to 26,513.18.
In the market, the S&P 500 industrials and utilities were the biggest gainers, helping offset declines in heavyweight tech and communication services stocks.
The S&P 500 information technology sector swung between gains and losses as Nvidia was up 1.2%, while Microsoft and Apple lost 0.8% and 1%, respectively.
Riot Platforms jumped 9.5%, following a media report that the cloud-computing firm clinched a $9 billion deal with Anthropic.