U.S. Stock Market Opens Lower
CryptoNewsTerminal Staff04 Jun, 2024
U.S. Stock Market Opens Lower
The U.S. stock market opened lower on Tuesday, with all three major indices falling in unison. The S&P 500 lost 0.21%, the Nasdaq Composite dropped 0.08%, and the Dow Jones Industrial Average fell 0.36%. The losses came after a strong rally on Monday, which had seen the S&P 500 close at a record high. Investors appeared to be taking a cautious approach on Tuesday, as they awaited the release of key economic data later in the week. Among the stocks that were down on Tuesday were Apple, Amazon, and Microsoft. Apple fell 0.6%, Amazon lost 0.4%, and Microsoft dropped 0.5%. The technology sector was one of the worst performers on the day, as investors worried about the impact of rising interest rates on tech companies' earnings. However, there were some bright spots on the day. Energy stocks rose as oil prices climbed. Chevron gained 1.2%, and ExxonMobil added 1.1%. Overall, the U.S. stock market's performance on Tuesday was mixed. Investors should keep an eye on the release of economic data later in the week for clues on the direction of the market.
