US Stock Market Today: S&P 500, Dow Jones Flat; Nasdaq Opens Higher
The 30-stock Dow Jones Industrial Average and S&P 500 were flat after opening, while the tech-heavy Nasdaq Composite gained 0.3%.
The US stock market opened largely unchanged on Tuesday as Wall Street weighed tariff-related uncertainty. All three indices had closed higher on Monday.
The 30-stock Dow Jones Industrial Average and S&P 500 were flat after opening, while the tech-heavy Nasdaq Composite gained 0.3%.
Seven of the eleven sectoral indices on the S&P 500 were trading in red led by real estate and energy, with information technology and consumer discretionary seeing gains.
Among major companies, shares of Nvidia, Vistra Energy and Dell Technologies were trading over 2% higher. American International Group and Berkshire Hathway were down.
The benchmark 10-year US Treasury yield dropped three basis points to 4.43%.
The US dollar strengthened against major currencies. The Dollar Index gained 0.5% to 99.25. The yen lost 0.8%, the pound fell 0.3% and euro slid 0.6% against the greenback
Meanwhile, multinational investment firm Deutsche Bank lifted its target for the S&P 500 index to 6,550 from 6,150, pointing to signs of an easing impact of tariffs on earnings and broader economic resilience.
Risk appetite has been dented recently amid worries over renewed trade frictions between the US and China, besides slow progress on trade deals pursued by Washington. President Donald Trump has accused China of breaching an interim trade deal, that Beijing has refuted.
The Organization for Economic Co-operation and Development reduced the growth outlook for the world's largest economy from 2.2% to 1.6%.
