US stocks open lower led by tech sector

Economies.com
2021-05-04 14:13PM UTC

US stock indices fell on Tuesday, led by the tech sector amid focus on the corporates earnings results for the first quarter.

 

Apple, Microsoft, Amazon, Tesla and Facebook have reported better-than-expected earnings in the first quarter of 2021.

 

Markets are still eyeing the latest developments regarding the pandemic, as India is still an exception to this, as it is now facing a sharp spike in the infection rate and deaths, while the health system is being overwhelmed.

 

As for stocks, Dow Jones fell 0.7% or 224 points to 33,889 as of 14:11 GMT, Nasdaq fell 2.1% or 291 points to 13,603, and S&P 500 fell 1.1% or 47 points to 4,145.

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