Stocks opened lower; Dow set to snap nine day streak of record-setting sessions

Stocks opened lower but teetered around break-even levels on Tuesday amid a lack of large market movements. Investors will brace for Job Openings and Labor Turnovers Survey data at 10:00 a.m. Eastern, which could signal further strength in the labor market after last week’s strong jobs report. If the Dow Jones Industrial Average slips lower on Tuesday, it would end a 10-day streak of gains and nine straight record-setting sessions. In corporate news, shares in Avis Budget Group plummeted 8% after the car rental company missed their quarterly earnings target in premarket trading on Monday. The Dow slipped 30 points from 22087. S&P 500 fell less than 0.2%, while the Nasdaq Composite Index edged lower by more than 0.1%.

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From:: Stock Market News

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