US: Wall St opens flat as chip stocks dip on China sales deal

[NEW YORK] Wall Street’s main indexes opened flat on Monday (Aug 11) as major chip companies slipped on the eve of a key tariff deadline after a trade policy shift that involves sharing a portion of revenue from China sales with the Trump administration.

The Dow Jones Industrial Average rose 8.8 points, or 0.02 per cent, at the open to 44,184.36.

The S&P 500 fell 0.2 points, or flat at the open to 6389.67​, while the Nasdaq Composite rose 9.6 points, or 0.04 per cent, to 21,459.654 at the opening bell. REUTERS