U.S. stock benchmarks opened near breakeven levels Tuesday, as investors awaited updates on tax reform and economic growth. The Dow Jones Industrial Average opened 0.1% higher at 23,570, while the S&P 500 index was up 0.1% at 2,593. The tech-laden Nasdaq Composite Index kicked off trading little changed but in negative territory at 6,786. All three main equity indexes finished Monday trade at all-time highs, marking the 26th time all three indexes closed at records at the same time–breaking a 22-year-old record. In individual stocks, Valeant Pharmaceuticals International Inc. rose 16.5%, up after better-than-expected quarterly earnings, even though the company lowered its 2017 earnings outlook.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News