Connect with us

Corporate Finance

Dow slips to start Tuesday trade as investors weigh corporate quarterly results, economic reports, await Yellen remarks

Published

on


U.S. stock indexes opened lower Tuesday, a day after the S&P 500 index and the Dow Jones Industrial Average put in a strong start to May, pushing the equity benchmarks near records. Investors are awaiting comments from Treasury Secretary Janet Yellen at 11 a.m. ET and again at 4 p.m. at an event hosted by The Wall Street Journal, as they assess earnings from the likes of Pfizer
PFE,
-0.73%

and CVS Health Corp.
CVS,
+2.28%

and economic data that has recently helped to power a rotation into energy and banking assets. The Dow Jones Industrial Average [: DJIA] was off 0.1% at 34,066, the S&P 500 index
SPX,
-0.66%

declined 0.5% at 4,172, while the Nasdaq Composite Index
COMP,
-1.28%

was trading 1.1% lower at 13,743.

Continue Reading
Advertisement