A slump in industrial conglomerate 3M weighed on the Dow (Bloomberg)
A slump in industrial conglomerate 3M weighed on the Dow (Bloomberg)

Nasdaq hits record high at open on strong tech earnings; 3M weighs on Dow

  • The Nasdaq had hit a life-high of 8,139.551 on Wednesday
  • The Dow Jones Industrial Average fell 170.68 points, or 0.64%, at the open to 26,426.37.

The tech-heavy Nasdaq index hit a fresh record at the open on Thursday after strong results from Facebook and Microsoft, while a slump in industrial conglomerate 3M weighed on the Dow and limited gains on the S&P.

The Nasdaq had hit a life-high of 8,139.551 on Wednesday.

The Dow Jones Industrial Average fell 170.68 points, or 0.64%, at the open to 26,426.37. The S&P 500 opened higher by 1.74 points, or 0.06%, at 2,928.99. The Nasdaq Composite gained 48.84 points, or 0.60%, to 8,150.85 at the opening bell.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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