Nasdaq drops as Nvidia, chips drag; inflation data in focus

(Reuters) – The Nasdaq opened lower on Monday after Nvidia (NASDAQ:) and some other chip stocks remained under selling pressure, with investors on tenterhooks as a key inflation print this week is set to further shape bets over the timing and quantum of rate cuts this year.

The rose 34.16 points, or 0.09%, at the open to 39,184.49. The opened lower by 5.04 points, or 0.09%, at 5,459.58, while the dropped 49.10 points, or 0.28%, to 17,640.26 at the opening bell.