U.S. stocks open lower as investors await clarity on taxes, watch central bankers

U.S. stocks traded lower at the open on Tuesday, as Wall Street looked to the latest developments in the Republican Party’s efforts to reform U.S. tax policy. Central bankers were also in focus, with Federal Reserve Chairwoman Janet Yellen joining her European and Japanese counterparts in a panel discussion that could offer clues into the path for interest rates. The Dow Jones Industrial Average fell 0.3%, or 66 points, to 23,374. The S&P 500 lost 8 points, or 0.3%, to 2,577. The Nasdaq Composite Index was down 22 points, or 0.3%, to 6,736. Among specific stocks, Home Depot Inc. fell 1% after reporting its third-quarter results, while Dick’s Sporting Goods Inc. sank 6.8% after giving a disappointing 2018 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.

…read more

From:: Stock Market News

Leave a Reply