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U.S. stocks open mostly lower as disappointing tech earnings weigh on Nasdaq

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U.S. stock indexes opened mostly lower on Thursday amid a batch of disappointing earnings from technology behemoths, raising concerns about growth. The Dow Jones Industrial Average was up 0.3%:

U.S. stock indexes opened mostly lower on Thursday as the Nasdaq Composite and S&P 500 were hit with a batch of disappointing earnings from technology behemoths, raising concerns about growth. The S&P 500 SPX, -0.43% dropped 8 points, or 0.2, to 4,557, while the Nasdaq Composite COMP, -1.21% declined 0.6% and the Dow Jones Industrial Average DJIA, +0.44% was up 0.3%. Tesla Inc.

late Wednesday reported second-quarter earnings and sales that topped Wall Street’s expectations, but the stock went 4.7% lower on Thursday morning as results didn’t quite match expectations of a blowout quarter. Netflix Inc. slumped 6.4% after the streaming giant easily topped subscriber expectations but brought in less revenue than analysts were expecting and delivered a light top-line outlook for the current period. In U.S. economic data, the number of Americans who applied for unemployment benefits last week fell to a two-month low of 228,000, reaffirming that the U.S. jobs market is quite strong.

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