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US: Stocks dip from record highs


[NEW YORK] Wall Street stocks dipped from record highs in opening trade on Wednesday following mixed earnings reports.

Five minutes into trade, the Dow Jones Industrial Average was at 18,197.37, down 11.82 points (0.06 per cent).

The broad-based S&P 500 dipped 1.71 (0.08 per cent) to 2,113.77, while the tech-rich Nasdaq Composite Index lost 8.25 (0.17 per cent) at 4,959.88.

Traders are eyeing a second day of congressional testimony by Federal Reserve Chair Janet Yellen. Yellen's remarks on Tuesday were seen as dovish on monetary policy, helping to push US stocks to record closes.