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S&P 500, Nasdaq opens lower as Broadcom adds to AI bubble angst

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2025. REUTERS/Eduardo Munoz/File Photo

The S&P 500 and the Nasdaq opened lower on Friday as Broadcom's latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve's less-hawkish-than-expected signals on 2026 rate cuts.

At 09:30 a.m. ET, the Dow Jones Industrial Average rose 102.80 points, or 0.21%, to 48,806.81, the S&P 500 lost 10.85 points, or 0.16%, to 6,890.37 and the Nasdaq Composite lost 105.00 points, or 0.43%, to 23,491.12.

(Reporting by Pranav Kashyap; Editing by Tasim Zahid)

Reuters
Reuters

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