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

Dec 12 (Reuters) - 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)