Tech mega-caps, chipmakers drag Nasdaq lower at open

The Nasdaq index slipped at open on Monday as investors swapped technology heavyweights for stocks linked to economic growth amid increasing confidence in a recovery.

The Dow Jones Industrial Average fell 58.73 points, or 0.17 per cent, at the open to 34,739.27.

The S&P 500 opened lower by 13.36 points, or 0.30 per cent, at 4,442.12, while the Nasdaq Composite dropped 93.52 points, or 0.62 per cent, to 14,954.18 at the opening bell.

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