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.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief
Rebound relief for Asian stocks; STI up 0.3% led by DBS, UOB
Asia: Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Cordlife to raise S$8.2 million from private placement