June 5 (Reuters) - The S&P 500 and the Nasdaq dropped at

market open on Friday as chip stocks eased after a sharp rally,

while a strong jobs report reinforced expectations of tighter

monetary policy.

The Dow Jones Industrial Average rose 48.1 points, or

0.09%, at the open to 51610.02. The S&P 500 fell 47.0

points, or 0.62%, at the open to 7537.36​, while the Nasdaq

Composite dropped 294.4 points, or 1.10%, to 26,536.593

at the opening bell.

(Reporting by Medha Singh in Bengaluru)