June 4 (Reuters) - The S&P 500 and the Nasdaq dropped at

the open on Thursday, as Broadcom's revenue miss pressured chip

stocks, while equity investors took a breather after a strong

rally to record highs.

The Dow Jones Industrial Average rose 299.0 points,

or 0.59%, at the open to 50,986.1. The S&P 500 fell 37.1

points, or 0.49%, at the open to 7,516.54​, while the Nasdaq

Composite dropped 274.7 points, or 1.02%, to 26,579.297

at the opening bell.

(Reporting by Medha Singh in Bengaluru; Editing by Devika

Syamnath)