Quantcast
Tuesday , May 30 2017
Breaking News
Home / International Markets / U.S. stocks open lower as investors await Yellen testimony
U.S. stocks open lower as investors await Yellen testimony

U.S. stocks open lower as investors await Yellen testimony

WASHINGTON: U.S. stocks opened slightly lower on Tuesday as investors awaited comments from Federal Reserve Chairwoman Janet Yellen. The main three benchmarks retreated after touching the latest in a series of record highs on Monday, with the S&P 500 index SPX, +0.40% down two points, or 0.1%, to 2,326. The Dow Jones Industrial Average DJIA, +0.45% fell 34 points, or 0.2%, to 20,381.

The Nasdaq Composite Index COMP, +0.32% shed eight points, or 0.1%, to 5,756. T-Mobile U.S. Inc. TMUS, +1.15% shares rose after the company reported strong fourth-quarter earnings. U.S.-listed shares of Credit Suisse Group AG CS, +1.69% rose after the Swiss lender posted a wider-than-expected loss on litigation costs and said it would cut 5,500 jobs this year. Shares of General Motors Co. GM, +4.84% rallied after the PSA Group, owner of French car maker Peugeot, UG, +0.00% said it is in talks to buy GM’s Opel brand. Shares of toy maker Mattel Inc. MAT, +0.63% rose after it said it will team up with Alibaba BABA, -1.46% to develop and sell new products for Chinese consumers.