Wall Street inches down at the open

Economies.com
2017-06-27 15:50PM UTC

US stock indices opened mixed on Tuesday following earlier data that showed an unexpected rise in consumer confidence in June, while the Richmond manufacturing index rose past expectations, as the S&P/CS Composite-20 House Price Index fell unexpectedly. 

 

The tech sector led the way lower, dragging NASDAQ in particular down with it as Alphabet slumped over one percent after EU regulators slammed the company with a record anti-trust $2.7 billion fine, while both Apple and Microsoft fell as well, weighing on tech shares overall.  

 

Markets now await Federal Reserve Bank of Philadelphia President Patrick Harker's speech about the economic outlook and international trade at the European Economics & Financial Centre, in London, while Federal Reserve Chair Janet Yellen is scheduled to talk about global economic issues at the British Academy 'President's Lecture', in London as well. 

 

As of 04:14 GMT, Standard and Poor's 500 shed 0.03%, or 0.63 points to 2,438.43, while Dow Jones rose 0.08%, or 17.96 points to 21,427.51. 

 

Tech-heavy NASDAQ slid 0.27%, or 16.56 points to 6,230.59.

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